Regency Capital Management Inc. DE Acquires 306 Shares of Markel Group Inc. (NYSE:MKL)

Regency Capital Management Inc. DE lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,304 shares of the insurance provider’s stock after buying an additional 306 shares during the quarter. Markel Group comprises approximately 6.4% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 3rd biggest holding. Regency Capital Management Inc. DE’s holdings in Markel Group were worth $9,933,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MKL shares. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. Citigroup boosted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Finally, TD Cowen assumed coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target of $1,626.83.

Insider Buying and Selling

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

Markel Group Stock Performance

MKL opened at $1,568.58 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 8.47 and a beta of 0.73. The business’s 50-day moving average price is $1,562.35 and its two-hundred day moving average price is $1,556.06. 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 released 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 for the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. Equities analysts expect that Markel Group Inc. will post 89.1 EPS 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.