Country Trust Bank Has $33.96 Million Holdings in Markel Group Inc. (NYSE:MKL)

Country Trust Bank raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,647 shares of the insurance provider’s stock after purchasing an additional 413 shares during the period. Country Trust Bank owned 0.17% of Markel Group worth $33,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKL. Opal Wealth Advisors LLC boosted its position in shares of Markel Group by 2.5% during the 1st quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock worth $496,000 after purchasing an additional 8 shares in the last quarter. Wambolt & Associates LLC boosted its holdings in Markel Group by 3.4% in the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock worth $362,000 after acquiring an additional 8 shares in the last quarter. Epic Trust Investment Advisors LLC boosted its holdings in Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 8 shares in the last quarter. Choreo LLC increased its holdings in shares of Markel Group by 1.9% during the first quarter. Choreo LLC now owns 539 shares of the insurance provider’s stock valued at $820,000 after acquiring an additional 10 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC raised its position in shares of Markel Group by 5.3% during the second quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider’s stock worth $312,000 after purchasing an additional 10 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the acquisition, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.71% of the stock is owned by corporate insiders.

Markel Group Price Performance

MKL opened at $1,558.40 on Wednesday. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24. The firm has a 50-day moving average of $1,559.09 and a 200 day moving average of $1,558.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $20.26 billion, a P/E ratio of 8.42 and a beta of 0.73.

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

Wall Street Analyst Weigh In

MKL has been the subject of several research reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday. TD Cowen started coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. Finally, Citigroup lifted their price target on 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 given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.