American Century Companies Inc. Increases Stock Position in Markel Group Inc. $MKL

American Century Companies Inc. boosted its stake in Markel Group Inc. (NYSE:MKL) by 50.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,952 shares of the insurance provider’s stock after purchasing an additional 8,014 shares during the quarter. American Century Companies Inc.’s holdings in Markel Group were worth $44,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Axxcess Wealth Management LLC raised its stake in Markel Group by 0.7% in the first quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider’s stock valued at $1,642,000 after purchasing an additional 6 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Markel Group by 1.1% during the first quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider’s stock worth $1,223,000 after acquiring an additional 7 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Markel Group by 12.7% during the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after acquiring an additional 7 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Markel Group by 5.8% during the first quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 7 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Markel Group by 3.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider’s stock worth $418,000 after acquiring an additional 8 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Argus raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,820.33.

Markel Group Trading Up 0.8%

NYSE:MKL opened at $1,970.3880 on Thursday. The firm has a market capitalization of $24.93 billion, a P/E ratio of 11.82 and a beta of 0.82. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $1,974.34 and a 200 day moving average of $1,900.10. Markel Group Inc. has a 52 week low of $1,494.00 and a 52 week high of $2,075.92.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating the consensus estimate of $24.74 by $0.72. The business had revenue of $4.82 billion during 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 firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $18.62 EPS. On average, research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the completion of the sale, the director owned 632 shares of the company’s stock, valued at $1,176,430.08. This 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.

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.