Point72 Asia Singapore Pte. Ltd. Invests $45,000 in Markel Group Inc. (NYSE:MKL)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29 shares of the insurance provider’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in shares of Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after buying an additional 558 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Markel Group by 2.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after acquiring an additional 888 shares during the last quarter. Solitude Financial Services purchased a new position in Markel Group during the second quarter valued at $1,182,000. Sei Investments Co. lifted its stake in Markel Group by 41.7% in the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock worth $6,554,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after purchasing an additional 359 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MKL. TD Cowen initiated coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. Citigroup boosted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Finally, StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Insiders Place Their Bets

In related news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 743 shares in the company, valued at $1,123,787.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by company insiders.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,568.58 on Tuesday. The company has a market cap of $20.40 billion, a PE ratio of 8.47 and a beta of 0.73. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,670.24. The company’s 50 day moving average is $1,562.35 and its 200 day moving average is $1,556.06. 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 (NYSE:MKL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. On average, sell-side analysts forecast that Markel Group Inc. will post 89.1 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.