Frank Rimerman Advisors LLC Buys Shares of 200 Markel Group Inc. (NYSE:MKL)

Frank Rimerman Advisors LLC purchased a new position in Markel Group Inc. (NYSE:MKL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 200 shares of the insurance provider’s stock, valued at approximately $315,000.

A number of other institutional investors also recently modified their holdings of MKL. Vanguard Group Inc. lifted its holdings in Markel Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after buying an additional 9,216 shares during the period. Davis Selected Advisers lifted its stake in shares of Markel Group by 0.3% in the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after purchasing an additional 970 shares during the period. Boston Partners boosted its position in shares of Markel Group by 36.7% during the 1st 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. Dimensional Fund Advisors LP grew its stake in Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after purchasing an additional 5,310 shares during the period. Finally, Northern Trust Corp increased its holdings in Markel Group by 2.0% in the fourth quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock worth $128,183,000 after purchasing an additional 1,775 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Down 0.0 %

NYSE MKL opened at $1,572.16 on Wednesday. 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 Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The business has a 50 day moving average price of $1,564.50 and a 200-day moving average price of $1,554.66. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 8.49 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. As a group, equities analysts expect that Markel Group Inc. will post 89.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Markel Group

In related news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.71% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research analyst reports. Citigroup increased their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. TD Cowen began coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. One investment 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, the company has a consensus rating of “Hold” and an average target price 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.