Front Street Capital Management Inc. Acquires 40 Shares of Markel Group Inc. (NYSE:MKL)

Front Street Capital Management Inc. boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348 shares of the insurance provider’s stock after acquiring an additional 40 shares during the quarter. Front Street Capital Management Inc.’s holdings in Markel Group were worth $532,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its position in shares of Markel Group by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 529 shares of the insurance provider’s stock valued at $751,000 after acquiring an additional 28 shares during the period. Corient Private Wealth LLC grew its stake in shares of Markel Group by 220.9% in the 4th quarter. Corient Private Wealth LLC now owns 5,862 shares of the insurance provider’s stock worth $8,323,000 after acquiring an additional 4,035 shares in the last quarter. Commerce Bank grew its stake in shares of Markel Group by 108.9% in the 4th quarter. Commerce Bank now owns 1,356 shares of the insurance provider’s stock worth $1,925,000 after acquiring an additional 707 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Markel Group by 10.5% in the 4th quarter. Hsbc Holdings PLC now owns 14,558 shares of the insurance provider’s stock worth $20,679,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its stake in shares of Markel Group by 5.9% in the 4th quarter. Hilltop Holdings Inc. now owns 216 shares of the insurance provider’s stock worth $307,000 after acquiring an additional 12 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

MKL opened at $1,572.27 on Tuesday. The stock’s 50 day moving average price is $1,565.27 and its 200-day moving average price is $1,554.13. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The stock has a market capitalization of $20.44 billion, a PE ratio of 8.49 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60.

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 company 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%. On average, equities research analysts predict that Markel Group Inc. will post 89.1 EPS for the current year.

Insider Transactions at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of the stock in a transaction dated Monday, August 5th. The shares were 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 in the company, valued at approximately $1,123,787.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

MKL has been the subject of several research reports. Citigroup increased their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. TD Cowen began coverage on shares of Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,626.83.

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.