Markel Group Inc. (NYSE:MKL) Shares Purchased by Commerce Bank

Commerce Bank increased its position in shares of Markel Group Inc. (NYSE:MKL) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,010 shares of the insurance provider’s stock after purchasing an additional 74 shares during the quarter. Commerce Bank’s holdings in Markel Group were worth $1,888,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Markel Group during the first quarter worth $28,000. ST Germain D J Co. Inc. raised its holdings in Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 15 shares during the last quarter. McIlrath & Eck LLC increased its position in Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider’s stock worth $50,000 after buying an additional 26 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Markel Group during the first quarter worth $54,000. Finally, Versant Capital Management Inc increased its position in Markel Group by 178.6% during the first quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider’s stock worth $73,000 after buying an additional 25 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Argus raised Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and a consensus price target of $1,820.33.

Markel Group Stock Performance

Markel Group stock opened at $1,948.68 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a fifty day moving average of $1,971.98 and a two-hundred day moving average of $1,889.69. The company has a market capitalization of $24.65 billion, a price-to-earnings ratio of 11.69 and a beta of 0.82. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,075.92.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating analysts’ consensus estimates of $24.74 by $0.72. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $18.62 earnings per share. On average, analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the sale, the director owned 632 shares of the company’s stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by corporate 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.