AGF Management Ltd. Has $2.09 Million Holdings in Markel Group Inc. (NYSE:MKL)

AGF Management Ltd. decreased its holdings in Markel Group Inc. (NYSE:MKL) by 31.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,325 shares of the insurance provider’s stock after selling 594 shares during the quarter. AGF Management Ltd.’s holdings in Markel Group were worth $2,088,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MKL. Norges Bank bought a new position in Markel Group during the 4th quarter valued at about $214,216,000. Global Assets Advisory LLC acquired a new stake in shares of Markel Group in the first quarter valued at approximately $133,143,000. Boston Partners increased its holdings in shares of Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after purchasing an additional 57,528 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Markel Group in the first quarter valued at approximately $60,937,000. Finally, TD Asset Management Inc increased its holdings in shares of Markel Group by 248.2% in the fourth quarter. TD Asset Management Inc now owns 40,277 shares of the insurance provider’s stock valued at $57,189,000 after purchasing an additional 28,711 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. Citigroup raised their price objective 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average target price of $1,626.83.

Insider Activity at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 743 shares of the company’s stock, valued at $1,123,787.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.71% of the stock is currently owned by insiders.

Markel Group Trading Up 1.1 %

Shares of NYSE MKL opened at $1,557.58 on Friday. The company’s fifty day moving average is $1,565.10 and its 200-day moving average is $1,550.22. The stock has a market cap of $20.16 billion, a price-to-earnings ratio of 8.41 and a beta of 0.73. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,670.24. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Equities research analysts predict that Markel Group Inc. will post 89.1 EPS for the current year.

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.