Citizens Financial Group Inc. RI Invests $487,000 in Markel Group Inc. (NYSE:MKL)

Citizens Financial Group Inc. RI bought a new position in Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 309 shares of the insurance provider’s stock, valued at approximately $487,000.

A number of other large investors have also bought and sold shares of the business. Gilbert & Cook Inc. boosted its stake in Markel Group by 5.6% in the fourth quarter. Gilbert & Cook Inc. now owns 529 shares of the insurance provider’s stock worth $751,000 after purchasing an additional 28 shares in the last quarter. Norges Bank bought a new stake in Markel Group during the 4th quarter worth about $214,216,000. Coldstream Capital Management Inc. acquired a new stake in Markel Group in the 4th quarter valued at about $388,000. D.A. Davidson & CO. raised its stake in shares of Markel Group by 1.5% in the fourth quarter. D.A. Davidson & CO. now owns 2,111 shares of the insurance provider’s stock worth $2,997,000 after acquiring an additional 32 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Markel Group by 220.9% during the fourth quarter. Corient Private Wealth LLC now owns 5,862 shares of the insurance provider’s stock worth $8,323,000 after purchasing an additional 4,035 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Shares of MKL opened at $1,565.51 on Thursday. The stock has a market cap of $20.36 billion, a P/E ratio of 8.46 and a beta of 0.73. The stock’s 50-day moving average price is $1,566.15 and its two-hundred day moving average price is $1,551.93. 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 1 year low of $1,295.65 and a 1 year high of $1,670.24.

Markel Group (NYSE:MKL) last issued 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. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. On average, equities analysts predict that Markel Group Inc. will post 89.1 earnings per share for the current year.

Insider Buying and Selling

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now owns 743 shares in the company, valued at $1,123,787.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MKL has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. TD Cowen initiated coverage on Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Markel Group presently has a consensus 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.