Markel Group Inc. (NYSE:MKL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Markel Group Inc. (NYSE:MKL) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,739 shares of the insurance provider’s stock after buying an additional 2,817 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Markel Group were worth $113,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of Markel Group in the fourth quarter worth $236,000. Sagespring Wealth Partners LLC acquired a new stake in shares of Markel Group in the fourth quarter worth $233,000. Synovus Financial Corp increased its stake in shares of Markel Group by 115.7% in the fourth quarter. Synovus Financial Corp now owns 932 shares of the insurance provider’s stock worth $1,609,000 after acquiring an additional 500 shares during the period. Mariner LLC increased its stake in shares of Markel Group by 38.7% in the fourth quarter. Mariner LLC now owns 3,962 shares of the insurance provider’s stock worth $6,839,000 after acquiring an additional 1,106 shares during the period. Finally, Anchor Investment Management LLC increased its stake in shares of Markel Group by 132.8% in the fourth quarter. Anchor Investment Management LLC now owns 142 shares of the insurance provider’s stock worth $245,000 after acquiring an additional 81 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the transaction, the director owned 632 shares in the company, valued at $1,176,430.08. This trade represents a 12.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Argus upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,820.33.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,905.71 on Tuesday. The stock has a market capitalization of $24.11 billion, a price-to-earnings ratio of 11.43 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92. The firm’s 50 day simple moving average is $1,973.68 and its 200-day simple moving average is $1,895.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping analysts’ consensus estimates of $24.74 by $0.72. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The business’s revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the company earned $18.62 EPS. Analysts expect that Markel Group Inc. will post 96.25 EPS for the current 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.