Culbertson A N & Co. Inc. Raises Holdings in Markel Group Inc. (NYSE:MKL)

Culbertson A N & Co. Inc. lifted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 263.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618 shares of the insurance provider's stock after purchasing an additional 448 shares during the period. Culbertson A N & Co. Inc.'s holdings in Markel Group were worth $969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. increased its stake in Markel Group by 833.3% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Markel Group in the 2nd quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Markel Group in the 2nd quarter worth $55,000. GAMMA Investing LLC increased its stake in Markel Group by 90.0% in the 1st quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider's stock worth $58,000 after buying an additional 18 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Markel Group in the 2nd quarter worth $65,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Cowen assumed coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a "buy" rating and a $1,986.00 price objective for the company. Citigroup increased their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a report on Tuesday, July 23rd. Jefferies Financial Group increased 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 report on Wednesday, October 9th. Finally, StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $1,643.50.

Insiders Place Their Bets

In other news, Director Lawrence A. Cunningham acquired 20 shares of the firm's stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.71% of the stock is owned by insiders.

Markel Group Trading Up 1.2 %

Shares of NYSE:MKL traded up $19.09 during trading on Thursday, reaching $1,594.08. The company's stock had a trading volume of 30,418 shares, compared to its average volume of 41,946. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24. The firm's 50 day simple moving average is $1,560.90 and its two-hundred day simple moving average is $1,560.44. The stock has a market capitalization of $20.73 billion, a PE ratio of 8.50 and a beta of 0.73.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 13.00% and a return on equity of 11.12%. On average, research analysts predict that Markel Group Inc. will post 89.94 EPS for the current fiscal year.

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.