Baker Tilly Wealth Management LLC Purchases 48 Shares of Markel Group Inc. (NYSE:MKL)

Baker Tilly Wealth Management LLC raised its position in Markel Group Inc. (NYSE:MKL) by 24.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246 shares of the insurance provider’s stock after purchasing an additional 48 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Markel Group were worth $386,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in Markel Group by 6.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after purchasing an additional 558 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Markel Group by 2.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after acquiring an additional 888 shares during the period. Solitude Financial Services bought a new stake in Markel Group in the second quarter valued at approximately $1,182,000. Sei Investments Co. boosted its holdings in Markel Group by 41.7% in the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after purchasing an additional 359 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MKL has been the topic of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of 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. TD Cowen assumed coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Citigroup raised their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,643.50.

Markel Group Price Performance

Shares of MKL opened at $1,564.00 on Tuesday. The business’s fifty day moving average is $1,568.28 and its 200 day moving average is $1,564.86. 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 quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock has a market cap of $20.34 billion, a P/E ratio of 8.45 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Sell-side analysts anticipate that Markel Group Inc. will post 91.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Markel Group

In related news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.71% of the company’s stock.

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.