Culbertson A N & Co. Inc. Purchases 448 Shares of Markel Group Inc. (NYSE:MKL)

Culbertson A N & Co. Inc. increased its position in shares of Markel Group Inc. (NYSE:MKL) by 263.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 618 shares of the insurance provider’s stock after purchasing an additional 448 shares during the period. Culbertson A N & Co. Inc.’s holdings in Markel Group were worth $969,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC boosted its position in Markel Group by 2.5% during the 1st quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock valued at $496,000 after acquiring an additional 8 shares in the last quarter. Wambolt & Associates LLC boosted its position in Markel Group by 3.4% during the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 8 shares in the last quarter. Epic Trust Investment Advisors LLC grew its stake in Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 8 shares during the last quarter. Choreo LLC raised its holdings in Markel Group by 1.9% in the first quarter. Choreo LLC now owns 539 shares of the insurance provider’s stock worth $820,000 after purchasing an additional 10 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its position in shares of Markel Group by 5.3% during the second quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider’s stock valued at $312,000 after buying an additional 10 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Jefferies Financial Group upped their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Citigroup raised their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Finally, TD Cowen initiated coverage on Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Price Performance

Shares of MKL opened at $1,574.60 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The company’s fifty day moving average price is $1,560.90 and its 200-day moving average price is $1,560.44. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The firm has a market capitalization of $20.47 billion, a PE ratio of 8.50 and a beta of 0.73.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. On average, equities research analysts predict that Markel Group Inc. will post 89.94 EPS for the current year.

Insider Activity at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of Markel Group stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the transaction, the director now owns 743 shares of the company’s stock, valued at $1,123,787.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.71% of the stock is owned by insiders.

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.