Pavion Blue Capital LLC Purchases 283 Shares of Markel Group Inc. (NYSE:MKL)

Pavion Blue Capital LLC lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,537 shares of the insurance provider’s stock after purchasing an additional 283 shares during the period. Markel Group comprises 1.1% of Pavion Blue Capital LLC’s investment portfolio, making the stock its 27th largest holding. Pavion Blue Capital LLC’s holdings in Markel Group were worth $2,411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKL. Boston Partners grew its holdings in shares of Markel Group by 36.7% during the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after purchasing an additional 57,528 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after purchasing an additional 11,357 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after purchasing an additional 10,973 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Markel Group in the second quarter worth approximately $15,596,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Markel Group by 52.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider’s stock worth $35,202,000 after acquiring an additional 7,659 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Shares of MKL opened at $1,549.80 on Friday. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week 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. The business’s 50 day moving average price is $1,568.28 and its two-hundred day moving average price is $1,563.83. The firm has a market cap of $20.05 billion, a PE ratio of 10.09 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. On average, equities analysts anticipate that Markel Group Inc. will post 91.55 EPS for the current year.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of the stock in a transaction dated Monday, August 5th. The shares were bought 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 directly owns 743 shares of the company’s stock, valued at $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.71% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MKL. Jefferies Financial Group lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Citigroup lifted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. Finally, TD Cowen began coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,643.50.

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.