Greenline Partners LLC Makes New Investment in Markel Group Inc. (NYSE:MKL)

Greenline Partners LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,554 shares of the insurance provider’s stock, valued at approximately $4,023,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Markel Group during the second quarter worth about $55,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Markel Group during the fourth quarter worth about $57,000. GAMMA Investing LLC increased its stake in Markel Group by 90.0% during the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 18 shares during the period. Evermay Wealth Management LLC purchased a new stake in Markel Group during the first quarter worth about $75,000. Finally, Crewe Advisors LLC acquired a new position in shares of Markel Group during the first quarter worth about $81,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Shares of MKL opened at $1,570.59 on Friday. The stock has a 50 day moving average price of $1,565.78 and a 200 day moving average price of $1,553.30. 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 company has a market capitalization of $20.42 billion, a price-to-earnings ratio of 8.48 and a beta of 0.73. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week 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 analysts’ consensus estimates of $20.76 by $5.19. The firm 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%. Research analysts predict that Markel Group Inc. will post 89.1 EPS for the current fiscal year.

Insider Activity at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on MKL shares. TD Cowen started coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. Citigroup boosted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,626.83.

About Markel Group

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.