Markel Group Inc. (NYSE:MKL) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR raised its holdings in Markel Group Inc. (NYSE:MKL) by 7.5% in the third quarter, Holdings Channel reports. The fund owned 600 shares of the insurance provider’s stock after buying an additional 42 shares during the period. Stephens Inc. AR’s holdings in Markel Group were worth $941,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in Markel Group by 6.0% during the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after buying an additional 558 shares in the last quarter. Solitude Financial Services purchased a new position in shares of Markel Group during the 2nd quarter worth $1,182,000. Sei Investments Co. boosted its position in shares of Markel Group by 41.7% during the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after purchasing an additional 359 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in Markel Group by 89.8% during the first quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider’s stock worth $1,270,000 after purchasing an additional 395 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MKL. Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. TD Cowen assumed coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada lowered their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Trading Up 0.6 %

Shares of NYSE MKL opened at $1,560.17 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $20.06 billion, a PE ratio of 7.20 and a beta of 0.73. Markel Group Inc. has a twelve month low of $1,317.00 and a twelve month high of $1,670.24. The stock has a fifty day simple moving average of $1,566.69 and a 200-day simple moving average of $1,570.78.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, equities analysts forecast that Markel Group Inc. will post 91.55 earnings per share for the current year.

About Markel Group

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.