Wedge Capital Management L L P NC Has $16.18 Million Position in Markel Group Inc. (NYSE:MKL)

Wedge Capital Management L L P NC raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,314 shares of the insurance provider’s stock after purchasing an additional 46 shares during the period. Wedge Capital Management L L P NC owned 0.08% of Markel Group worth $16,178,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after buying an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Markel Group during the 2nd quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Markel Group during the 2nd quarter valued at approximately $55,000. GAMMA Investing LLC grew its holdings in Markel Group by 90.0% in the 1st quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock valued at $58,000 after buying an additional 18 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Markel Group in the 2nd quarter worth approximately $65,000. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In other news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MKL shares. TD Cowen initiated coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Jefferies Financial Group upped their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,643.50.

Markel Group Price Performance

NYSE:MKL traded down $4.30 during mid-day trading on Monday, hitting $1,552.88. The company’s stock had a trading volume of 7,087 shares, compared to its average volume of 42,003. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 8.41 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24. The stock has a fifty day moving average of $1,557.14 and a 200-day moving average of $1,559.73.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, equities analysts forecast that Markel Group Inc. will post 89.94 EPS for the current fiscal year.

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.