Markel Group Inc. (NYSE:MKL) Shares Bought by Solidarity Wealth LLC

Solidarity Wealth LLC lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,477 shares of the insurance provider’s stock after acquiring an additional 238 shares during the quarter. Markel Group accounts for 2.3% of Solidarity Wealth LLC’s portfolio, making the stock its 12th largest holding. Solidarity Wealth LLC’s holdings in Markel Group were worth $8,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. boosted its position in shares of Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after purchasing an additional 558 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Markel Group by 2.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after buying an additional 888 shares during the period. Solitude Financial Services purchased a new position in shares of Markel Group in the second quarter worth approximately $1,182,000. Sei Investments Co. raised its holdings in shares of Markel Group by 41.7% during the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Markel Group by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after acquiring an additional 359 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Up 0.1 %

Shares of Markel Group stock opened at $1,565.80 on Thursday. The stock has a 50-day simple moving average of $1,568.66 and a 200-day simple moving average of $1,566.63. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The firm has a market cap of $20.36 billion, a price-to-earnings ratio of 8.46 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. On average, equities research analysts expect that Markel Group Inc. will post 91.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on MKL shares. Citigroup boosted their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group raised their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. TD Cowen assumed coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price on the stock. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,643.50.

Markel Group Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.