Hudson Value Partners LLC Has $4.09 Million Stake in Markel Group Inc. (NYSE:MKL)

Hudson Value Partners LLC raised its position in Markel Group Inc. (NYSE:MKL) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,883 shares of the insurance provider’s stock after purchasing an additional 146 shares during the period. Markel Group accounts for approximately 1.9% of Hudson Value Partners LLC’s portfolio, making the stock its 16th largest position. Hudson Value Partners LLC’s holdings in Markel Group were worth $4,094,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MKL. Norges Bank acquired a new position in shares of Markel Group during the 4th quarter valued at $214,216,000. Boston Partners lifted its position in shares of Markel Group by 400.1% during the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after acquiring an additional 125,507 shares during the period. Jennison Associates LLC lifted its position in shares of Markel Group by 111.3% during the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after acquiring an additional 41,086 shares during the period. Invesco Ltd. lifted its position in shares of Markel Group by 109.6% during the 3rd quarter. Invesco Ltd. now owns 69,272 shares of the insurance provider’s stock valued at $102,002,000 after acquiring an additional 36,215 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Markel Group by 104.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,669 shares of the insurance provider’s stock valued at $76,082,000 after acquiring an additional 26,418 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

MKL traded up $2.16 on Friday, reaching $1,618.29. The company had a trading volume of 28,073 shares, compared to its average volume of 40,789. The business has a 50 day simple moving average of $1,530.85 and a 200 day simple moving average of $1,466.66. The company has a market cap of $21.04 billion, a price-to-earnings ratio of 8.74 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.62 billion. As a group, sell-side analysts anticipate that Markel Group Inc. will post 82.83 EPS for the current year.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the transaction, the director now owns 66,668 shares in the company, valued at $109,228,184.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MKL shares. Truist Financial increased their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Royal Bank of Canada upped their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Finally, Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1,520.00.

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.