BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 933 Shares of Markel Group Inc. (NYSE:MKL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Markel Group Inc. (NYSE:MKL) by 59.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,511 shares of the insurance provider’s stock after acquiring an additional 933 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Markel Group were worth $3,956,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Markel Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock worth $1,692,115,000 after purchasing an additional 9,216 shares in the last quarter. Davis Selected Advisers lifted its position in shares of Markel Group by 0.3% in the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after buying an additional 970 shares during the last quarter. Boston Partners boosted its stake in shares of Markel Group by 36.7% during the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after acquiring an additional 57,528 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Markel Group by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after acquiring an additional 5,310 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Markel Group by 2.0% in the 4th quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock valued at $128,183,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity

In other news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Performance

NYSE MKL opened at $1,566.89 on Friday. The company’s fifty day moving average is $1,562.47 and its two-hundred day moving average is $1,554.82. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $20.37 billion, a price-to-earnings ratio of 8.46 and a beta of 0.73.

Markel Group (NYSE:MKL) last released 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 business had revenue of $3.83 billion for 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%. Equities research analysts forecast that Markel Group Inc. will post 89.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen began coverage on shares of Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price on the stock. Finally, Citigroup lifted their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1,626.83.

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.