Mediolanum International Funds Ltd Purchases Shares of 2,346 Markel Group Inc. (NYSE:MKL)

Mediolanum International Funds Ltd purchased a new position in Markel Group Inc. (NYSE:MKL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,346 shares of the insurance provider's stock, valued at approximately $3,675,000.

A number of other large investors also recently bought and sold shares of the business. Park Avenue Securities LLC lifted its holdings in shares of Markel Group by 18.8% during the first quarter. Park Avenue Securities LLC now owns 246 shares of the insurance provider's stock valued at $374,000 after purchasing an additional 39 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Markel Group by 0.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,013 shares of the insurance provider's stock valued at $6,105,000 after buying an additional 11 shares during the last quarter. Oak Thistle LLC bought a new stake in Markel Group in the first quarter worth $210,000. Financial Security Advisor Inc. grew its stake in shares of Markel Group by 7.1% in the first quarter. Financial Security Advisor Inc. now owns 499 shares of the insurance provider's stock worth $759,000 after acquiring an additional 33 shares during the last quarter. Finally, Silverlake Wealth Management LLC bought a new position in shares of Markel Group during the first quarter valued at $210,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Shares of MKL traded down $28.33 during mid-day trading on Friday, hitting $1,549.80. 28,461 shares of the company traded hands, compared to its average volume of 41,842. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 8.37 and a beta of 0.73. The stock has a 50-day moving average price of $1,568.28 and a two-hundred day moving average price of $1,564.34. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year 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.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating analysts' consensus estimates of $20.76 by $5.19. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Equities analysts anticipate that Markel Group Inc. will post 91.55 earnings per share for the current year.

Insider Activity at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of the company's stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the transaction, the director now owns 743 shares of the company's stock, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MKL shares. TD Cowen initiated coverage on shares of 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 downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Monday, October 7th. Jefferies Financial Group raised their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Citigroup upped their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Markel Group presently has a consensus rating of "Hold" and a consensus price target of $1,643.50.

Markel Group 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.