Cheviot Value Management LLC Raises Holdings in Markel Group Inc. (NYSE:MKL)

Cheviot Value Management LLC lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,491 shares of the insurance provider’s stock after acquiring an additional 264 shares during the period. Markel Group makes up approximately 2.0% of Cheviot Value Management LLC’s investment portfolio, making the stock its 19th largest holding. Cheviot Value Management LLC’s holdings in Markel Group were worth $10,228,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Markel Group in the second quarter valued at approximately $55,000. GAMMA Investing LLC boosted its position in Markel Group by 90.0% in the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock valued at $58,000 after buying an additional 18 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in Markel Group in the fourth quarter valued at approximately $57,000. Evermay Wealth Management LLC purchased a new stake in Markel Group in the first quarter valued at approximately $75,000. Finally, Crewe Advisors LLC purchased a new stake in Markel Group in the 1st quarter worth approximately $81,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In related news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MKL shares. TD Cowen started coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. Citigroup lifted 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Trading Up 0.1 %

Shares of Markel Group stock opened at $1,572.27 on Tuesday. The firm has a 50-day simple moving average of $1,565.27 and a two-hundred day simple moving average of $1,554.13. The company has a market cap of $20.44 billion, a P/E ratio of 8.49 and a beta of 0.73. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week 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.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. As a group, equities analysts predict 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.