JPMorgan Chase & Co. Purchases 5,595 Shares of Markel Group Inc. (NYSE:MKL)

JPMorgan Chase & Co. raised its holdings in Markel Group Inc. (NYSE:MKL) by 29.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,906 shares of the insurance provider’s stock after acquiring an additional 5,595 shares during the period. JPMorgan Chase & Co.’s holdings in Markel Group were worth $39,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SpiderRock Advisors LLC raised its holdings in Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 315 shares during the period. Versor Investments LP increased its position in shares of Markel Group by 72.4% during the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after buying an additional 160 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Markel Group in the second quarter worth about $2,803,000. Franklin Resources Inc. increased its holdings in Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after acquiring an additional 527 shares during the period. Finally, State Street Corp grew its position in shares of Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,713.08 on Monday. The business’s 50 day simple moving average is $1,700.93 and its two-hundred day simple moving average is $1,614.15. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $22.03 billion, a P/E ratio of 7.90 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Analysts forecast that Markel Group Inc. will post 86.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group lifted their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus price target of $1,626.83.

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.