Mills Wealth Advisors LLC Purchases New Holdings in Markel Group Inc. (NYSE:MKL)

Mills Wealth Advisors LLC bought a new stake in Markel Group Inc. (NYSE:MKL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 196 shares of the insurance provider’s stock, valued at approximately $307,000.

A number of other institutional investors have also modified their holdings of MKL. Allspring Global Investments Holdings LLC boosted its stake in shares of Markel Group by 136.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider’s stock valued at $3,324,000 after buying an additional 1,223 shares in the last quarter. Raymond James & Associates raised its holdings in Markel Group by 5.9% during the third quarter. Raymond James & Associates now owns 30,015 shares of the insurance provider’s stock worth $47,081,000 after purchasing an additional 1,681 shares during the last quarter. Blue Trust Inc. boosted its position in Markel Group by 78.9% during the third quarter. Blue Trust Inc. now owns 195 shares of the insurance provider’s stock worth $307,000 after purchasing an additional 86 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Markel Group by 22.2% in the third quarter. Bleakley Financial Group LLC now owns 231 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 42 shares during the last quarter. Finally, Hengehold Capital Management LLC purchased a new position in shares of Markel Group in the third quarter valued at $229,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the topic of several research reports. Jefferies Financial Group increased their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. TD Cowen started coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Citigroup raised their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average target price of $1,643.50.

Markel Group Stock Performance

MKL stock traded down $9.65 during midday trading on Monday, reaching $1,581.00. The company had a trading volume of 6,858 shares, compared to its average volume of 41,768. The firm has a market capitalization of $20.56 billion, a PE ratio of 8.59 and a beta of 0.73. The stock has a 50 day moving average price of $1,563.87 and a 200 day moving average price of $1,562.12. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24.

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

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.