Markel Group Inc. (NYSE:MKL) Stock Holdings Increased by Capco Asset Management LLC

Capco Asset Management LLC increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,764 shares of the insurance provider’s stock after purchasing an additional 432 shares during the quarter. Markel Group makes up approximately 10.7% of Capco Asset Management LLC’s holdings, making the stock its 4th largest holding. Capco Asset Management LLC owned 0.22% of Markel Group worth $45,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its position in shares of Markel Group by 5.6% in the fourth quarter. Gilbert & Cook Inc. now owns 529 shares of the insurance provider’s stock valued at $751,000 after buying an additional 28 shares during the last quarter. Norges Bank acquired a new position in Markel Group in the 4th quarter valued at $214,216,000. Coldstream Capital Management Inc. purchased a new position in shares of Markel Group during the 4th quarter worth $388,000. D.A. Davidson & CO. boosted its holdings in shares of Markel Group by 1.5% during the fourth quarter. D.A. Davidson & CO. now owns 2,111 shares of the insurance provider’s stock worth $2,997,000 after purchasing an additional 32 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Markel Group by 220.9% in the fourth quarter. Corient Private Wealth LLC now owns 5,862 shares of the insurance provider’s stock valued at $8,323,000 after purchasing an additional 4,035 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MKL. TD Cowen began coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. Citigroup increased 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 report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,565.51 on Thursday. The business has a 50-day moving average of $1,566.15 and a two-hundred day moving average of $1,551.93. The firm has a market capitalization of $20.36 billion, a PE ratio of 8.46 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (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 firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. As a group, research analysts forecast that Markel Group Inc. will post 89.1 earnings per share for the current year.

Insider Transactions at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of Markel Group stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the acquisition, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.71% of the company’s stock.

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.