GAM Holding AG Boosts Stock Position in Markel Group Inc. (NYSE:MKL)

GAM Holding AG boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,049 shares of the insurance provider’s stock after purchasing an additional 23 shares during the quarter. Markel Group makes up approximately 1.0% of GAM Holding AG’s portfolio, making the stock its 24th biggest holding. GAM Holding AG’s holdings in Markel Group were worth $12,626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Toth Financial Advisory Corp increased its holdings in shares of Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 20 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Markel Group in the 2nd quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Markel Group in the 2nd quarter valued at approximately $55,000. Finally, GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 18 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Down 0.8 %

Shares of MKL stock opened at $1,586.14 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24. The stock has a fifty day moving average of $1,567.00 and a two-hundred day moving average of $1,563.42. The firm has a market capitalization of $20.62 billion, a PE ratio of 8.57 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. As a group, research analysts expect that Markel Group Inc. will post 89.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup upped their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Jefferies Financial Group upped their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen assumed coverage on Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,643.50.

Insider Activity

In other news, Director Lawrence A. Cunningham acquired 20 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares in the company, valued at $1,123,787.50. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 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.