Quest Partners LLC Purchases Shares of 275 Markel Group Inc. (NYSE:MKL)

Quest Partners LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 275 shares of the insurance provider’s stock, valued at approximately $390,000.

Several other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in Markel Group during the fourth quarter valued at $18,145,000. Pinnacle Associates Ltd. boosted its holdings in Markel Group by 7.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after buying an additional 1,167 shares during the period. Chicago Capital LLC bought a new position in Markel Group in the 4th quarter worth approximately $3,313,000. Allspring Global Investments Holdings LLC boosted its holdings in Markel Group by 616.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider’s stock worth $5,991,000 after buying an additional 3,630 shares during the period. Finally, Lathrop Investment Management Corp lifted its stake in Markel Group by 11.7% in the 4th quarter. Lathrop Investment Management Corp now owns 7,776 shares of the insurance provider’s stock worth $11,041,000 after purchasing an additional 815 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the completion of the sale, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

MKL has been the topic of a number of analyst reports. Truist Financial lifted their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Janney Montgomery Scott reiterated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research report on Friday, March 15th. Jefferies Financial Group lowered shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Finally, Royal Bank of Canada upped their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1,520.00.

Markel Group Trading Up 0.1 %

NYSE MKL traded up $2.16 during trading hours on Friday, reaching $1,618.29. The company had a trading volume of 28,073 shares, compared to its average volume of 40,789. The stock has a market capitalization of $21.04 billion, a P/E ratio of 8.74 and a beta of 0.69. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $1,530.85 and a 200 day moving average of $1,465.77.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing the consensus estimate of $18.50 by ($0.33). The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. As a group, research analysts anticipate that Markel Group Inc. will post 82.83 earnings per share for the current fiscal year.

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.