2,346 Shares in Markel Group Inc. (NYSE:MKL) Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd acquired a new position in Markel Group Inc. (NYSE:MKL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,346 shares of the insurance provider’s stock, valued at approximately $3,675,000.

Several other institutional investors and hedge funds have also made changes to their positions in MKL. Toth Financial Advisory Corp boosted its stake in shares of Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 20 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Markel Group in the second quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Markel Group during the 2nd quarter worth about $55,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Markel Group during the 2nd quarter worth approximately $65,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Down 1.8 %

Shares of Markel Group stock opened at $1,549.80 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $1,568.28 and its 200-day moving average is $1,564.34. The stock has a market cap of $20.05 billion, a P/E ratio of 10.09 and a beta of 0.73. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24.

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

Insider Buying and Selling

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MKL. Jefferies Financial Group upped their price target on 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. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Citigroup raised their target price on 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. Finally, TD Cowen initiated coverage on Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target on the stock. 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 company’s stock. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,643.50.

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.