EverSource Wealth Advisors LLC Has $103,000 Stake in Markel Group Inc. (NYSE:MKL)

EverSource Wealth Advisors LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 1,160.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63 shares of the insurance provider’s stock after buying an additional 58 shares during the period. EverSource Wealth Advisors LLC’s holdings in Markel Group were worth $103,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MKL. Vanguard Group Inc. raised its position in shares of Markel Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after acquiring an additional 9,216 shares during the last quarter. Davis Selected Advisers increased its holdings in Markel Group by 0.3% in the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after purchasing an additional 970 shares during the last quarter. Boston Partners lifted its stake in Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after buying an additional 57,528 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after buying an additional 5,310 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Markel Group by 2.0% during the 4th quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock worth $128,183,000 after buying an additional 1,775 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

Shares of MKL opened at $1,574.72 on Friday. The firm’s 50 day moving average price is $1,562.47 and its two-hundred day moving average price is $1,554.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,670.24. The firm has a market cap of $20.48 billion, a P/E ratio of 8.51 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share 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 analyst estimates of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. On average, analysts forecast that Markel Group Inc. will post 89.1 EPS for the current fiscal year.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.71% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MKL. TD Cowen began coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Citigroup boosted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.