Sather Financial Group Inc Purchases 2,085 Shares of Markel Group Inc. (NYSE:MKL)

Sather Financial Group Inc raised its position in shares of Markel Group Inc. (NYSE:MKL) by 8.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,293 shares of the insurance provider’s stock after purchasing an additional 2,085 shares during the period. Markel Group makes up approximately 3.1% of Sather Financial Group Inc’s investment portfolio, making the stock its 14th biggest position. Sather Financial Group Inc owned 0.22% of Markel Group worth $44,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Markel Group during the 4th quarter valued at approximately $214,216,000. Boston Partners increased its holdings in shares of Markel Group by 400.1% during the fourth quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after buying an additional 125,507 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Markel Group during the first quarter worth $133,143,000. Jennison Associates LLC lifted its stake in shares of Markel Group by 111.3% in the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after acquiring an additional 41,086 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of Markel Group during the 1st quarter valued at $60,937,000. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MKL has been the topic of several research reports. Royal Bank of Canada boosted their price target on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Citigroup raised 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 note on Tuesday, July 23rd. Truist Financial boosted their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, TD Cowen began coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Trading Up 0.9 %

MKL stock traded up $13.86 during midday trading on Friday, hitting $1,577.87. The stock had a trading volume of 20,997 shares, compared to its average volume of 43,969. The company has a current ratio of 0.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.29. The firm has a market cap of $20.52 billion, a P/E ratio of 8.54 and a beta of 0.73. The business has a fifty day moving average price of $1,565.21 and a two-hundred day moving average price of $1,536.58. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. On average, sell-side analysts predict that Markel Group Inc. will post 82.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now directly owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.71% of the company’s stock.

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.