Cwm LLC Purchases 47 Shares of Markel Group Inc. (NYSE:MKL)

Cwm LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 42.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157 shares of the insurance provider’s stock after acquiring an additional 47 shares during the quarter. Cwm LLC’s holdings in Markel Group were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Markel Group by 3.2% in the 3rd quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock worth $793,979,000 after acquiring an additional 16,597 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Markel Group by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock worth $183,935,000 after acquiring an additional 3,476 shares during the last quarter. Scharf Investments LLC lifted its holdings in shares of Markel Group by 4.0% in the 4th quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider’s stock worth $180,214,000 after acquiring an additional 4,933 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Markel Group by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 94,781 shares of the insurance provider’s stock worth $139,564,000 after acquiring an additional 2,736 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Markel Group by 2.2% during the 3rd quarter. Northern Trust Corp now owns 88,501 shares of the insurance provider’s stock valued at $130,317,000 after buying an additional 1,929 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.2 %

NYSE:MKL opened at $1,579.85 on Friday. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,588.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $20.60 billion, a P/E ratio of 8.53 and a beta of 0.69. The firm has a 50-day simple moving average of $1,488.09 and a 200-day simple moving average of $1,445.51.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. Markel Group had a net margin of 15.23% and a return on equity of 11.45%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.75 billion. Equities analysts anticipate that Markel Group Inc. will post 80.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MKL. Jefferies Financial Group lowered shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Janney Montgomery Scott reiterated a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Royal Bank of Canada lifted their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Truist Financial lifted their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,520.00.

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.