True North Advisors LLC Acquires 165 Shares of Markel Group Inc. (NYSE:MKL)

True North Advisors LLC lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,185 shares of the insurance provider’s stock after acquiring an additional 165 shares during the quarter. Markel Group makes up about 0.9% of True North Advisors LLC’s portfolio, making the stock its 20th biggest holding. True North Advisors LLC’s holdings in Markel Group were worth $3,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Markel Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock worth $1,692,115,000 after buying an additional 9,216 shares in the last quarter. Davis Selected Advisers boosted its position in Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after acquiring an additional 970 shares during the last quarter. Boston Partners grew 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 worth $326,124,000 after buying an additional 57,528 shares during the period. Dimensional Fund Advisors LP increased its stake in Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after purchasing an additional 5,310 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Markel Group by 2.0% during the 4th quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock worth $128,183,000 after buying an additional 1,775 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price 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 trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MKL shares. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Monday. 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 report on Tuesday, July 23rd. Finally, 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 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

NYSE:MKL opened at $1,559.20 on Wednesday. The stock has a market capitalization of $20.27 billion, a PE ratio of 8.42 and a beta of 0.73. The company has a fifty day moving average of $1,559.09 and a two-hundred 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. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (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 analysts’ expectations of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, research analysts forecast that Markel Group Inc. will post 89.1 earnings per share for the current fiscal year.

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.