D.A. Davidson & CO. increased its holdings in Markel Group Inc. (NYSE:MKL – Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,263 shares of the insurance provider’s stock after purchasing an additional 110 shares during the quarter. D.A. Davidson & CO.’s holdings in Markel Group were worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Morgan Stanley lifted its holdings in Markel Group by 521.2% in the fourth quarter. Morgan Stanley now owns 530,597 shares of the insurance provider’s stock worth $699,057,000 after buying an additional 445,182 shares during the period. Norges Bank bought a new stake in Markel Group during the fourth quarter worth about $182,438,000. Davis Selected Advisers grew its stake in shares of Markel Group by 20.2% in the 4th quarter. Davis Selected Advisers now owns 250,362 shares of the insurance provider’s stock worth $329,849,000 after buying an additional 42,142 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in Markel Group in the 4th quarter worth about $47,586,000. Finally, Victory Capital Management Inc. increased its position in shares of Markel Group by 38.1% during the fourth quarter. Victory Capital Management Inc. now owns 84,448 shares of the insurance provider’s stock valued at $111,259,000 after acquiring an additional 23,302 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 30th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,516.67.
Markel Group Trading Up 1.6 %
Markel Group (NYSE:MKL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $17.35 EPS for the quarter, beating analysts’ consensus estimates of $16.23 by $1.12. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Markel Group had a return on equity of 8.13% and a net margin of 2.58%. Research analysts forecast that Markel Group Inc. will post 78.32 earnings per share for the current year.
Insider Activity at Markel Group
In other Markel Group news, Director A. Lynne Puckett acquired 75 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was purchased at an average price of $1,340.66 per share, with a total value of $100,549.50. Following the transaction, the director now directly owns 1,031 shares in the company, valued at approximately $1,382,220.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director A. Lynne Puckett purchased 75 shares of the business’s stock in a transaction on Friday, April 28th. The stock was acquired at an average price of $1,340.66 per share, with a total value of $100,549.50. Following the completion of the acquisition, the director now owns 1,031 shares of the company’s stock, valued at approximately $1,382,220.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 50 shares of Markel Group stock in a transaction on Tuesday, May 2nd. The stock was bought at an average price of $1,359.93 per share, with a total value of $67,996.50. Following the transaction, the chief executive officer now owns 43,717 shares of the company’s stock, valued at $59,452,059.81. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 194 shares of company stock worth $260,642. 1.75% of the stock is owned by company insiders.
Markel Group Company Profile
Markel Group Inc, a diverse financial holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. 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.
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