Gateway Investment Advisers LLC Purchases 80 Shares of Markel Group Inc. (NYSE:MKL)

Gateway Investment Advisers LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKLFree Report) by 2.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,746 shares of the insurance provider’s stock after buying an additional 80 shares during the period. Gateway Investment Advisers LLC’s holdings in Markel Group were worth $5,699,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MKL. Opal Wealth Advisors LLC raised its holdings in shares of Markel Group by 2.3% in the fourth quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock valued at $452,000 after purchasing an additional 7 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Markel Group by 4.9% in the fourth quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 7 shares during the last quarter. Intellectus Partners LLC raised its holdings in shares of Markel Group by 1.9% in the fourth quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock valued at $609,000 after purchasing an additional 8 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Markel Group by 1.9% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock valued at $616,000 after buying an additional 8 shares in the last quarter. Finally, Watchman Group Inc. grew its stake in shares of Markel Group by 0.3% in the fourth quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock valued at $3,344,000 after buying an additional 8 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

MKL stock traded down $12.41 during midday trading on Tuesday, reaching $1,579.58. 8,177 shares of the company were exchanged, compared to its average volume of 44,981. The business has a 50-day moving average price of $1,568.51 and a two-hundred day moving average price of $1,495.22. The firm has a market capitalization of $20.53 billion, a price-to-earnings ratio of 8.61 and a beta of 0.73. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61.

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

Analysts Set New Price Targets

MKL has been the subject of several analyst reports. Truist Financial raised their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada raised their target price 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. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,520.00.

Check Out Our Latest Research Report on Markel Group

Insider Activity

In related news, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

Markel Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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