Leuthold Group LLC Increases Stock Holdings in Markel Group Inc. (NYSE:MKL)

Leuthold Group LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,061 shares of the insurance provider’s stock after buying an additional 76 shares during the quarter. Leuthold Group LLC’s holdings in Markel Group were worth $3,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC increased its position in shares of Markel Group by 18.8% in the first quarter. Park Avenue Securities LLC now owns 246 shares of the insurance provider’s stock worth $374,000 after purchasing an additional 39 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Markel Group by 0.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,013 shares of the insurance provider’s stock worth $6,105,000 after purchasing an additional 11 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Markel Group in the first quarter worth approximately $210,000. Financial Security Advisor Inc. increased its position in shares of Markel Group by 7.1% in the first quarter. Financial Security Advisor Inc. now owns 499 shares of the insurance provider’s stock worth $759,000 after purchasing an additional 33 shares during the last quarter. Finally, Silverlake Wealth Management LLC bought a new position in shares of Markel Group in the first quarter worth approximately $210,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. Jefferies Financial Group increased 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. Citigroup increased 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. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,643.50.

Markel Group Stock Down 1.8 %

Shares of Markel Group stock opened at $1,549.80 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 8.37 and a beta of 0.73. The company’s 50 day moving average price is $1,568.28 and its 200-day moving average price is $1,564.34.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Equities research analysts forecast that Markel Group Inc. will post 91.55 EPS for the current year.

Markel Group Company 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.