Markel Group Inc. (NYSE:MKL) Shares Purchased by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411 shares of the insurance provider’s stock after purchasing an additional 39 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Markel Group were worth $645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MKL. Toth Financial Advisory Corp lifted its holdings in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares during the last quarter. UMB Bank n.a. lifted its holdings in Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after buying an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Markel Group during the 2nd quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Markel Group during the 2nd quarter worth about $55,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Markel Group during the 2nd quarter worth about $65,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Stock Up 0.9 %

Shares of NYSE MKL opened at $1,564.00 on Tuesday. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The company has a market cap of $20.34 billion, a P/E ratio of 8.45 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $1,568.28 and a 200 day moving average price of $1,564.86.

Markel Group (NYSE:MKL) last posted its quarterly earnings results 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 business had revenue of $3.83 billion during 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%. Research analysts anticipate that Markel Group Inc. will post 91.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MKL. Citigroup boosted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. TD Cowen began coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. Finally, Jefferies Financial Group upped their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,643.50.

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.