Markel Group Inc. (NYSE:MKL) is Ervin Investment Management LLC’s 10th Largest Position

Ervin Investment Management LLC raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,658 shares of the insurance provider’s stock after acquiring an additional 19 shares during the period. Markel Group makes up 2.8% of Ervin Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding. Ervin Investment Management LLC’s holdings in Markel Group were worth $4,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Chemistry Wealth Management LLC increased its position in Markel Group by 5.5% during the 1st quarter. Chemistry Wealth Management LLC now owns 2,460 shares of the insurance provider’s stock worth $3,743,000 after purchasing an additional 128 shares during the period. Gateway Investment Advisers LLC increased its position in Markel Group by 2.2% during the 1st quarter. Gateway Investment Advisers LLC now owns 3,746 shares of the insurance provider’s stock worth $5,699,000 after purchasing an additional 80 shares during the period. Harbor Investment Advisory LLC increased its position in Markel Group by 9.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,326 shares of the insurance provider’s stock worth $2,017,000 after purchasing an additional 111 shares during the period. Global Assets Advisory LLC acquired a new position in Markel Group during the 1st quarter worth approximately $133,143,000. Finally, True North Advisors LLC acquired a new position in Markel Group during the 1st quarter worth approximately $2,765,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Price Performance

NYSE:MKL traded up $5.27 during trading hours on Thursday, reaching $1,574.86. 12,150 shares of the company traded hands, compared to its average volume of 44,827. 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 market cap of $20.47 billion, a P/E ratio of 8.48 and a beta of 0.73. The firm’s 50-day moving average is $1,574.42 and its 200-day moving average is $1,497.17. 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:MKL) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a return on equity of 11.18% and a net margin of 15.23%. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Equities research analysts expect that Markel Group Inc. will post 82.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on MKL shares. Janney Montgomery Scott reiterated a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a research report on Friday, March 15th. Royal Bank of Canada upped their price target on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Finally, Truist Financial upped their price target on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,520.00.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the transaction, the director now owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Greta J. Harris sold 122 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the transaction, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Markel sold 3,000 shares of the 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 transaction, the director now directly owns 66,668 shares in the company, valued at $109,228,184.52. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

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.