Markel Group Inc. $MKL is Bradyco Inc.’s 7th Largest Position

Bradyco Inc. raised its position in Markel Group Inc. (NYSE:MKL) by 22.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,739 shares of the insurance provider’s stock after purchasing an additional 495 shares during the quarter. Markel Group makes up approximately 4.1% of Bradyco Inc.’s holdings, making the stock its 7th biggest position. Bradyco Inc.’s holdings in Markel Group were worth $5,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Select Equity Group L.P. bought a new position in Markel Group during the first quarter valued at approximately $357,512,000. Norges Bank acquired a new position in Markel Group during the second quarter worth $288,361,000. Epoch Investment Partners Inc. raised its holdings in Markel Group by 49.5% during the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after buying an additional 35,786 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Markel Group in the first quarter worth about $45,796,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Markel Group by 20.1% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock worth $273,105,000 after buying an additional 24,487 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 100 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $2,100.00, for a total value of $210,000.00. Following the sale, the director owned 61,698 shares of the company’s stock, valued at $129,565,800. The trade was a 0.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Simon Wilson sold 75 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was 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. The trade was a 4.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 245 shares of company stock worth $512,471 in the last quarter. Corporate insiders own 1.66% of the company’s stock.

Markel Group Stock Performance

NYSE:MKL opened at $2,049.48 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. The firm’s 50-day moving average is $1,980.43 and its 200-day moving average is $1,963.78. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,109.91. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 12.83 and a beta of 0.81.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.77 billion. Equities research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MKL shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 1st. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,025.00.

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.