612 Shares in Markel Group Inc. (NYSE:MKL) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 1st quarter, Holdings Channel.com reports. The fund acquired 612 shares of the insurance provider’s stock, valued at approximately $930,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Markel Group during the fourth quarter valued at $18,145,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Markel Group by 2.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after buying an additional 888 shares in the last quarter. Sei Investments Co. increased its holdings in Markel Group by 41.7% in the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock worth $6,554,000 after buying an additional 1,268 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Markel Group by 89.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider’s stock worth $1,270,000 after buying an additional 395 shares in the last quarter. Finally, Solidarity Wealth LLC increased its holdings in Markel Group by 18.7% in the 4th quarter. Solidarity Wealth LLC now owns 4,586 shares of the insurance provider’s stock worth $6,512,000 after buying an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 0.3 %

Shares of NYSE:MKL opened at $1,561.88 on Friday. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.61 and a current ratio of 0.60. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 8.44 and a beta of 0.73. The stock’s 50-day simple moving average is $1,583.65 and its two-hundred day simple moving average is $1,529.03.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Analysts expect that Markel Group Inc. will post 82.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Markel Group news, Director Steven A. Markel sold 3,000 shares of Markel Group stock in a transaction that occurred 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 sale, the director now owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Greta J. Harris sold 122 shares of Markel Group stock in a transaction that occurred 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 completion of the sale, the director now directly owns 634 shares in the company, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on MKL. TD Cowen began coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. Citigroup lifted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Royal Bank of Canada lifted their price objective 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 lifted their price objective 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,626.83.

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.