Point72 Asset Management L.P. Takes Position in Markel Group Inc. (NYSE:MKL)

Point72 Asset Management L.P. bought a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 7,310 shares of the insurance provider’s stock, valued at approximately $11,518,000. Point72 Asset Management L.P. owned about 0.06% of Markel Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Markel Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock worth $1,692,115,000 after acquiring an additional 9,216 shares during the period. Davis Selected Advisers boosted its holdings in shares of Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after purchasing an additional 970 shares during the period. Boston Partners increased its stake in shares of Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after acquiring an additional 57,528 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Markel Group by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after purchasing an additional 5,310 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Markel Group by 2.0% during the 4th quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock worth $128,183,000 after purchasing an additional 1,775 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of the stock in a transaction that occurred on 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.71% of the stock is owned by company insiders.

Markel Group Trading Down 0.0 %

MKL stock opened at $1,568.58 on Tuesday. 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 company has a market capitalization of $20.40 billion, a PE ratio of 8.47 and a beta of 0.73. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The company’s 50-day simple moving average is $1,562.35 and its 200 day simple moving average is $1,556.06.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, sell-side analysts anticipate that Markel Group Inc. will post 89.1 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports 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 for the company. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. Finally, Citigroup lifted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,626.83.

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.