Markel Group Inc. (NYSE:MKL) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its position in Markel Group Inc. (NYSE:MKL) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,358 shares of the insurance provider’s stock after acquiring an additional 13 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Markel Group were worth $5,268,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Toth Financial Advisory Corp lifted its stake in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Markel Group in the 2nd quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Markel Group in the 2nd quarter valued at about $55,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Markel Group during the 2nd quarter valued at about $65,000. 77.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lawrence A. Cunningham purchased 20 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now owns 743 shares in the company, valued at $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.71% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MKL. TD Cowen initiated coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price on the stock. Jefferies Financial Group raised their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Citigroup raised their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1,643.50.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,549.80 on Friday. The firm’s 50-day simple moving average is $1,568.28 and its 200 day simple moving average is $1,564.34. The stock has a market cap of $20.05 billion, a P/E ratio of 10.09 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24.

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. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Equities analysts expect that Markel Group Inc. will post 91.55 EPS for the current year.

Markel Group 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.