Markel Group Inc. (NYSE:MKL) Shares Acquired by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE lifted its stake in Markel Group Inc. (NYSE:MKL) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,623 shares of the insurance provider’s stock after purchasing an additional 319 shares during the quarter. Markel Group comprises about 5.7% of Regency Capital Management Inc. DE’s holdings, making the stock its 3rd largest holding. Regency Capital Management Inc. DE owned 0.05% of Markel Group worth $10,389,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Markel Group in the second quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Markel Group during the 2nd quarter valued at approximately $55,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Markel Group during the 4th quarter valued at approximately $57,000. GAMMA Investing LLC increased its position in Markel Group by 90.0% during the 1st 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. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Markel Group in the 2nd quarter worth approximately $65,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lawrence A. Cunningham purchased 20 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MKL. 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 research note on Tuesday, July 23rd. TD Cowen assumed coverage on Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Up 2.4 %

Shares of Markel Group stock traded up $38.12 during trading on Friday, hitting $1,603.69. 29,211 shares of the stock traded hands, compared to its average volume of 42,276. The company has a fifty day moving average price of $1,562.53 and a two-hundred day moving average price of $1,556.95. 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 debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $20.85 billion, a P/E ratio of 8.61 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping the consensus estimate of $20.76 by $5.19. The company had revenue of $3.83 billion for 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%. Equities research analysts predict that Markel Group Inc. will post 89.1 EPS for the current fiscal 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.