Values Added Financial LLC Invests $946,000 in Markel Group Inc. (NYSE:MKL)

Values Added Financial LLC purchased a new position in Markel Group Inc. (NYSE:MKL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 603 shares of the insurance provider’s stock, valued at approximately $946,000.

A number of other hedge funds also recently modified their holdings of MKL. Wambolt & Associates LLC grew its position in Markel Group by 3.4% in the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock worth $362,000 after acquiring an additional 8 shares in the last quarter. Epic Trust Investment Advisors LLC grew its position in Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 8 shares in the last quarter. Freedom Day Solutions LLC grew its position in Markel Group by 0.5% in the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after acquiring an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC grew its position in Markel Group by 1.1% in the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after acquiring an additional 8 shares in the last quarter. Finally, Financial Advocates Investment Management grew its position in Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after acquiring an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Lawrence A. Cunningham purchased 20 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.71% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on MKL. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Citigroup upped their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. TD Cowen began coverage on shares of Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company. Finally, Jefferies Financial Group upped their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Trading Up 0.7 %

Shares of NYSE:MKL traded up $10.53 during midday trading on Friday, hitting $1,552.54. 5,796 shares of the stock traded hands, compared to its average volume of 42,355. The stock has a market capitalization of $20.09 billion, a PE ratio of 7.11 and a beta of 0.73. The business’s 50 day moving average is $1,568.21 and its two-hundred day moving average is $1,566.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 11.14% and a net margin of 17.03%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. As a group, research analysts forecast that Markel Group Inc. will post 91.55 earnings per share for the current year.

About Markel Group

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.