Markel Group Inc. (NYSE:MKL) Shares Bought by Creative Planning

Creative Planning lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 10.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,584 shares of the insurance provider’s stock after purchasing an additional 549 shares during the period. Creative Planning’s holdings in Markel Group were worth $8,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wambolt & Associates LLC grew its holdings in shares of Markel Group by 3.4% during the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock worth $362,000 after buying an additional 8 shares during the last quarter. Epic Trust Investment Advisors LLC grew its holdings in shares of Markel Group by 4.6% during the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after buying an additional 8 shares during the last quarter. Choreo LLC grew its holdings in shares of Markel Group by 1.9% during the first quarter. Choreo LLC now owns 539 shares of the insurance provider’s stock worth $820,000 after buying an additional 10 shares during the last quarter. Baker Tilly Wealth Management LLC grew its holdings in shares of Markel Group by 5.3% during the second quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider’s stock worth $312,000 after buying an additional 10 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Markel Group by 1.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 910 shares of the insurance provider’s stock worth $1,434,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,586.14 on Wednesday. The business’s 50 day simple moving average is $1,567.00 and its 200-day simple moving average is $1,563.42. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of 8.57 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 issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. As a group, equities analysts forecast that Markel Group Inc. will post 89.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on MKL. TD Cowen began coverage on Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target on the stock. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. 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 report on Tuesday, July 23rd. Finally, Jefferies Financial Group lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,643.50.

Insider Buying and Selling

In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of the business’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost 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 trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.71% of the company’s stock.

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.