Markel Group Inc. (NYSE:MKL) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 21.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363 shares of the insurance provider’s stock after acquiring an additional 65 shares during the period. Apollon Wealth Management LLC’s holdings in Markel Group were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MKL. Cubist Systematic Strategies LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at $65,000. CWM LLC grew its position in Markel Group by 16.3% during the 3rd quarter. CWM LLC now owns 250 shares of the insurance provider’s stock worth $392,000 after purchasing an additional 35 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in Markel Group by 500.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 60 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 50 shares during the period. Creative Planning boosted its stake in shares of Markel Group by 10.9% during the 3rd quarter. Creative Planning now owns 5,584 shares of the insurance provider’s stock worth $8,759,000 after acquiring an additional 549 shares in the last quarter. Finally, Culbertson A N & Co. Inc. boosted its stake in shares of Markel Group by 263.5% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 618 shares of the insurance provider’s stock worth $969,000 after acquiring an additional 448 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

Shares of MKL stock opened at $1,897.59 on Thursday. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The company has a market cap of $24.40 billion, a PE ratio of 9.53 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $1,774.65 and its 200-day simple moving average is $1,658.76.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. As a group, equities research analysts anticipate that Markel Group Inc. will post 97.92 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on MKL. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,685.17.

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.