Markel Group Inc. (NYSE:MKL) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 22.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231 shares of the insurance provider’s stock after purchasing an additional 42 shares during the period. Bleakley Financial Group LLC’s holdings in Markel Group were worth $362,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MKL. UMB Bank n.a. increased its position in shares of Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Markel Group during the second quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Markel Group during the second quarter worth $55,000. GAMMA Investing LLC increased its position in shares of Markel Group by 90.0% during the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 18 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Markel Group during the second quarter valued at $65,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the purchase, the director now directly owns 743 shares in the company, valued at $1,123,787.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.71% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Jefferies Financial Group boosted their price objective on shares of 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 shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. One equities research 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. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Price Performance

NYSE:MKL opened at $1,586.14 on Wednesday. Markel Group Inc. has a one year low of $1,295.65 and a one year 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 firm has a market cap of $20.62 billion, a price-to-earnings ratio of 8.57 and a beta of 0.73. The firm’s fifty day moving average is $1,567.00 and its two-hundred day moving average is $1,563.42.

Markel Group (NYSE:MKL) last posted its quarterly 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 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 analyst estimates of $3.86 billion. Research analysts expect that Markel Group Inc. will post 89.94 EPS for the current 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.