Markel Group Inc. $MKL Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its stake in Markel Group Inc. (NYSE:MKL) by 19.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,679 shares of the insurance provider’s stock after purchasing an additional 442 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Markel Group were worth $5,351,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Clearstead Trust LLC grew its position in Markel Group by 180.0% in the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after buying an additional 9 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position 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 worth $32,000 after buying an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Markel Group in the 1st quarter worth $32,000. Chilton Capital Management LLC purchased a new stake in shares of Markel Group in the second quarter valued at about $32,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Markel Group during the second quarter worth about $38,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MKL shares. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Monday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target of $1,930.50.

Markel Group Stock Up 0.4%

MKL opened at $2,084.81 on Thursday. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,109.91. The company has a market cap of $26.29 billion, a price-to-earnings ratio of 13.05 and a beta of 0.77. The business’s fifty day moving average is $1,961.16 and its two-hundred day moving average is $1,956.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping the consensus estimate of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Buying and Selling at Markel Group

In related news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer directly owned 1,770 shares in the company, valued at $3,669,103.80. The trade was a 4.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is currently owned by company insiders.

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.