Raiffeisen Bank International AG Invests $373,000 in Markel Group Inc. (NYSE:MKL)

Key Points

• Raiffeisen Bank International AG invested approximately $373,000 in Markel Group Inc., acquiring 201 shares during the first quarter.
• In addition to Raiffeisen, other institutional investors such as Mirae Asset Global Investments and Values Added Financial LLC also increased their stakes in Markel Group during the same period.
• Markel Group's stock is currently rated as a "hold" by four analysts, while one analyst upgraded it to a "buy," with an average price target of $1,820.33.

Raiffeisen Bank International AG purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 201 shares of the insurance provider's stock, valued at approximately $373,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Markel Group during the first quarter worth about $115,000. GAMMA Investing LLC grew its position in 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 buying an additional 7 shares during the period. Vontobel Holding Ltd. acquired a new position in Markel Group during the first quarter worth about $372,000. Values Added Financial LLC grew its position in Markel Group by 42.0% during the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after buying an additional 447 shares during the period. Finally, Northstar Group Inc. grew its position in Markel Group by 19.5% during the first quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider's stock worth $4,040,000 after buying an additional 352 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Markel Group news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Markel Group currently has an average rating of "Hold" and a consensus price target of $1,820.33.

Markel Group Stock Down 0.4%

Shares of NYSE MKL opened at $1,938.29 on Wednesday. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,075.92. The company has a market capitalization of $24.52 billion, a PE ratio of 11.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The firm's 50-day moving average is $1,974.40 and its two-hundred day moving average is $1,891.23.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the firm earned $18.62 earnings per share. The company's revenue for the quarter was up 24.3% compared to the same quarter last year. Equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.

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