Catalyst Funds Management Pty Ltd Buys Shares of 1,588 Markel Group Inc. $MKL

Catalyst Funds Management Pty Ltd purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,588 shares of the insurance provider’s stock, valued at approximately $3,172,000. Markel Group comprises about 0.9% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 18th largest holding.

A number of other large investors have also recently added to or reduced their stakes in MKL. Baxter Bros Inc. increased its stake in Markel Group by 1.0% during the second quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock worth $1,272,000 after acquiring an additional 6 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Markel Group by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock worth $3,507,000 after purchasing an additional 6 shares during the period. Flagship Harbor Advisors LLC increased its position in shares of Markel Group by 4.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 6 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in Markel Group by 3.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock valued at $352,000 after buying an additional 6 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in Markel Group by 1.8% in the second quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock valued at $692,000 after buying an additional 6 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MKL has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research report on Tuesday, November 11th. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,930.50.

Markel Group Stock Down 0.5%

Shares of MKL opened at $2,042.80 on Thursday. The company’s 50-day simple moving average is $1,949.36 and its 200-day simple moving average is $1,949.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,109.91. The stock has a market capitalization of $25.76 billion, a PE ratio of 12.79 and a beta of 0.77.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, topping the consensus estimate of $22.77 by $8.13. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. Analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.