Cwm LLC Raises Stake in Markel Group Inc. (NYSE:MKL)

Cwm LLC grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 42.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157 shares of the insurance provider’s stock after purchasing an additional 47 shares during the period. Cwm LLC’s holdings in Markel Group were worth $223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley raised its stake in shares of Markel Group by 3.2% during the 3rd quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock worth $793,979,000 after buying an additional 16,597 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Markel Group by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock worth $183,935,000 after buying an additional 3,476 shares during the last quarter. Scharf Investments LLC raised its stake in shares of Markel Group by 4.0% during the 4th quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider’s stock worth $180,214,000 after buying an additional 4,933 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Markel Group by 3.0% during the 3rd quarter. Legal & General Group Plc now owns 94,781 shares of the insurance provider’s stock worth $139,564,000 after buying an additional 2,736 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Markel Group by 2.2% during the 3rd quarter. Northern Trust Corp now owns 88,501 shares of the insurance provider’s stock worth $130,317,000 after buying an additional 1,929 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.2 %

Shares of MKL stock opened at $1,579.85 on Friday. The firm has a 50-day moving average price of $1,488.09 and a 200 day moving average price of $1,445.51. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,588.31. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of 8.53 and a beta of 0.69. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Markel Group had a return on equity of 11.45% and a net margin of 15.23%. Research analysts forecast that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MKL has been the subject of several research reports. Royal Bank of Canada lifted their price target on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. Truist Financial boosted their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday. Finally, Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,520.00.

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.