Amundi Acquires 9,021 Shares of Markel Group Inc. $MKL

Amundi raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 51.3% in the second quarter, HoldingsChannel reports. The firm owned 26,620 shares of the insurance provider’s stock after buying an additional 9,021 shares during the quarter. Amundi’s holdings in Markel Group were worth $52,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Markel Group during the fourth quarter valued at approximately $236,000. Charles Schwab Investment Management Inc. increased its position in Markel Group by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,739 shares of the insurance provider’s stock valued at $113,558,000 after purchasing an additional 2,817 shares during the period. National Bank of Canada FI raised its holdings in Markel Group by 5.7% in the 1st quarter. National Bank of Canada FI now owns 2,861 shares of the insurance provider’s stock worth $5,338,000 after purchasing an additional 154 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Markel Group by 16.7% in the 1st quarter. Benjamin Edwards Inc. now owns 1,013 shares of the insurance provider’s stock worth $1,894,000 after purchasing an additional 145 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Markel Group during the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Monday. Cowen reiterated a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,025.00.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Steven A. Markel sold 100 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $2,100.00, for a total transaction of $210,000.00. Following the transaction, the director owned 61,698 shares in the company, valued at approximately $129,565,800. This represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the sale, the chief executive officer owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This represents a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 245 shares of company stock worth $512,471 over the last ninety days. 1.66% of the stock is currently owned by insiders.

Markel Group Price Performance

Shares of NYSE MKL opened at $2,067.53 on Wednesday. The firm has a market cap of $26.07 billion, a P/E ratio of 12.94 and a beta of 0.81. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,109.91. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $1,986.81 and a 200 day moving average of $1,967.40.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, beating the consensus estimate of $22.77 by $8.13. Markel Group had a return on equity of 7.76% and a net margin of 12.99%.The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.77 billion. As a group, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.