Markel Group Inc. (NYSE:MKL) Shares Bought by Cwm LLC

Cwm LLC grew its stake in Markel Group Inc. (NYSE:MKL) by 16.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250 shares of the insurance provider’s stock after purchasing an additional 35 shares during the quarter. Cwm LLC’s holdings in Markel Group were worth $392,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Davis Selected Advisers raised its stake 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 buying an additional 970 shares in the last quarter. Boston Partners raised 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 acquiring an additional 57,528 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Markel Group by 4.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 85,464 shares of the insurance provider’s stock worth $129,441,000 after purchasing an additional 3,560 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after purchasing an additional 11,357 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Activity at Markel Group

In related news, Director Lawrence A. Cunningham bought 20 shares of the 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 purchase, 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 available through this hyperlink. Company insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

MKL has been the topic of a number of recent research reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Citigroup lifted their target price 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. Jefferies Financial Group upped their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, TD Cowen assumed coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,643.50.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,590.65 on Monday. The firm’s 50 day moving average is $1,563.87 and its two-hundred day moving average is $1,562.12. The firm has a market capitalization of $20.68 billion, a P/E ratio of 8.59 and a beta of 0.73. The company has a current ratio of 0.60, a quick 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.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating the consensus estimate of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Analysts anticipate that Markel Group Inc. will post 89.94 earnings per share for the current year.

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.