Point72 Hong Kong Ltd Takes Position in Markel Group Inc. (NYSE:MKL)

Point72 Hong Kong Ltd purchased a new stake in Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 264 shares of the insurance provider’s stock, valued at approximately $416,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Markel Group in the 2nd quarter valued at about $55,000. Ables Iannone Moore & Associates Inc. bought a new stake in Markel Group in the 4th quarter valued at about $57,000. GAMMA Investing LLC lifted its position in Markel Group by 90.0% in the 1st quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 18 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Markel Group in the 2nd quarter valued at about $65,000. Finally, Evermay Wealth Management LLC bought a new stake in Markel Group in the 1st quarter valued at about $75,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MKL shares. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup boosted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Finally, TD Cowen assumed coverage on shares of 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Stock Up 1.1 %

MKL stock opened at $1,574.72 on Friday. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 8.51 and a beta of 0.73. The firm’s 50-day moving average is $1,562.47 and its two-hundred day moving average is $1,554.82. 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 released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. On average, analysts forecast that Markel Group Inc. will post 89.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the acquisition, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.71% of the company’s stock.

Markel Group Company 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.