Solidarity Wealth LLC Buys 238 Shares of Markel Group Inc. (NYSE:MKL)

Solidarity Wealth LLC raised its stake in Markel Group Inc. (NYSE:MKL) by 4.5% in the third quarter, Holdings Channel.com reports. The firm owned 5,477 shares of the insurance provider’s stock after acquiring an additional 238 shares during the period. Markel Group makes up approximately 2.3% of Solidarity Wealth LLC’s holdings, making the stock its 12th largest holding. Solidarity Wealth LLC’s holdings in Markel Group were worth $8,590,000 as of its most recent SEC filing.

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

Markel Group Stock Up 0.1 %

NYSE MKL opened at $1,565.80 on Thursday. The stock has a market capitalization of $20.36 billion, a P/E ratio of 8.46 and a beta of 0.73. 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 quick ratio of 0.60 and a current ratio of 0.60. The stock has a fifty day moving average of $1,568.66 and a 200-day moving average of $1,566.63.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. On average, equities research analysts forecast that Markel Group Inc. will post 91.55 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on MKL. Jefferies Financial Group lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. TD Cowen assumed coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Citigroup lifted their price objective 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. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,643.50.

Insider Buying and Selling

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of Markel Group stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now owns 743 shares in the company, valued at $1,123,787.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.71% of the stock is currently owned by 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.