Sumitomo Mitsui Trust Group Inc. Purchases 1,787 Shares of Markel Group Inc. $MKL

Sumitomo Mitsui Trust Group Inc. increased its position in Markel Group Inc. (NYSE:MKL) by 6.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,453 shares of the insurance provider’s stock after purchasing an additional 1,787 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Markel Group worth $60,826,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Markel Group in the 1st quarter worth about $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 11 shares during the period. Atlas Capital Advisors Inc. bought a new position in Markel Group during the 1st quarter valued at about $32,000. Ameritas Advisory Services LLC bought a new position in Markel Group during the 2nd quarter valued at about $38,000. Finally, Wayfinding Financial LLC bought a new position in Markel Group during the 1st quarter valued at about $54,000. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the topic of several research analyst reports. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,930.50.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,878.64 on Monday. The firm’s 50 day moving average price is $1,932.88 and its 200-day moving average price is $1,924.29. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $23.76 billion, a PE ratio of 11.27 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping the consensus estimate of $24.74 by $0.72. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $18.62 EPS. Equities research analysts expect that Markel Group Inc. will post 96.25 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.