1832 Asset Management L.P. Acquires Shares of 1,288 Markel Group Inc. $MKL

1832 Asset Management L.P. acquired a new stake in Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,288 shares of the insurance provider’s stock, valued at approximately $2,573,000.

Several other large investors have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership purchased a new position in Markel Group during the second quarter worth $463,000. Solidarity Wealth LLC lifted its holdings in shares of Markel Group by 0.6% in the 2nd quarter. Solidarity Wealth LLC now owns 5,660 shares of the insurance provider’s stock worth $11,306,000 after acquiring an additional 32 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of Markel Group during the 2nd quarter worth about $371,000. Lido Advisors LLC grew its holdings in Markel Group by 5.3% during the 2nd quarter. Lido Advisors LLC now owns 219 shares of the insurance provider’s stock valued at $439,000 after purchasing an additional 11 shares during the last quarter. Finally, First National Advisers LLC grew its holdings in Markel Group by 9.0% during the 2nd quarter. First National Advisers LLC now owns 1,789 shares of the insurance provider’s stock valued at $3,574,000 after purchasing an additional 147 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of MKL stock opened at $2,049.48 on Friday. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,109.91. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $1,980.43 and a two-hundred day simple moving average of $1,963.33. The stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of 12.83 and a beta of 0.81.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, beating the consensus estimate of $22.77 by $8.13. Markel Group had a return on equity of 7.76% and a net margin of 12.99%.The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. On average, analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday. Cowen reissued a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,025.00.

Insider Activity

In related news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven A. Markel sold 100 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $2,100.00, for a total transaction of $210,000.00. Following the completion of the transaction, the director directly owned 61,698 shares of the company’s stock, valued at $129,565,800. This trade represents a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 245 shares of company stock valued at $512,471. Company insiders own 1.66% 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.