Crestmont Private Wealth LLC Boosts Holdings in Markel Group Inc. (NYSE:MKL)

Crestmont Private Wealth LLC increased its position in Markel Group Inc. (NYSE:MKL) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 287 shares of the insurance provider’s stock after purchasing an additional 22 shares during the quarter. Crestmont Private Wealth LLC’s holdings in Markel Group were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MKL. UMB Bank n.a. boosted its position 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. purchased a new position in Markel Group in the second quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Markel Group during the 2nd quarter valued at approximately $55,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Markel Group during the 4th quarter worth approximately $57,000. Finally, GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 18 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of Markel Group 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday. TD Cowen assumed coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. Citigroup upped their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. One research 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. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Trading Up 0.6 %

Markel Group stock opened at $1,557.18 on Friday. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24. The firm’s 50-day moving average is $1,557.14 and its 200-day moving average is $1,559.02. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $20.25 billion, a P/E ratio of 8.41 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. On average, equities analysts expect that Markel Group Inc. will post 89.94 earnings per share for the current year.

About Markel Group

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.