GHP Investment Advisors Inc. Boosts Holdings in Markel Group Inc. (NYSE:MKL)

GHP Investment Advisors Inc. grew its position in shares of Markel Group Inc. (NYSE:MKL) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,345 shares of the insurance provider’s stock after purchasing an additional 66 shares during the period. GHP Investment Advisors Inc.’s holdings in Markel Group were worth $5,271,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Markel Group during the second quarter valued at approximately $55,000. GAMMA Investing LLC grew its position in shares of Markel Group by 90.0% during the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock worth $58,000 after buying an additional 18 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Markel Group during the fourth quarter worth approximately $57,000. Evermay Wealth Management LLC acquired a new stake in shares of Markel Group during the first quarter worth approximately $75,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Markel Group during the first quarter worth approximately $81,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Markel Group stock opened at $1,558.49 on Friday. The company has a market cap of $20.17 billion, a PE ratio of 8.42 and a beta of 0.73. The company has a fifty day moving average price of $1,565.10 and a two-hundred day moving average price of $1,549.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Research analysts expect that Markel Group Inc. will post 89.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MKL. Citigroup raised their price target on shares of 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. TD Cowen began coverage on shares of Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,626.83.

Insider Buying and Selling at Markel Group

In related news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is currently owned by company insiders.

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.