235 Shares in Markel Group Inc. (NYSE:MKL) Bought by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 235 shares of the insurance provider’s stock, valued at approximately $369,000.

Other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp increased its holdings in shares of Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 20 shares during the last quarter. UMB Bank n.a. boosted its position in Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Markel Group during the second quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Markel Group in the second quarter valued at approximately $55,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Markel Group in the second quarter worth $65,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 0.2 %

Markel Group stock opened at $1,545.00 on Friday. The business has a 50 day moving average price of $1,567.50 and a two-hundred day moving average price of $1,568.26. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of 7.13 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, equities analysts forecast that Markel Group Inc. will post 91.55 EPS for the current year.

Wall Street Analyst Weigh In

MKL has been the topic of several recent analyst reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. TD Cowen assumed coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. Jefferies Financial Group boosted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Citigroup lifted their price target 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. Finally, Royal Bank of Canada reduced their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Insider Activity

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.