SG Americas Securities LLC Purchases Shares of 469 Markel Group Inc. (NYSE:MKL)

SG Americas Securities LLC acquired a new position in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 469 shares of the insurance provider’s stock, valued at approximately $810,000.

Several other institutional investors have also added to or reduced their stakes in MKL. Cubist Systematic Strategies LLC purchased a new stake in Markel Group during the 2nd quarter valued at $65,000. Creative Planning grew its position in shares of Markel Group by 4.7% in the 2nd quarter. Creative Planning now owns 5,035 shares of the insurance provider’s stock worth $7,933,000 after buying an additional 224 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Markel Group during the second quarter valued at approximately $243,000. Cetera Investment Advisers raised its holdings in shares of Markel Group by 16.0% during the second quarter. Cetera Investment Advisers now owns 1,453 shares of the insurance provider’s stock valued at $2,289,000 after acquiring an additional 200 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Markel Group in the second quarter worth $2,803,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Performance

MKL stock opened at $1,804.46 on Thursday. The company has a market cap of $23.21 billion, a P/E ratio of 8.32 and a beta of 0.78. 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’s fifty day moving average price is $1,745.78 and its 200-day moving average price is $1,636.77. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,842.48.

Markel Group (NYSE:MKL) last released its quarterly 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 company had revenue of $3.69 billion for the quarter, compared to the consensus estimate 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 86.92 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MKL shares. Royal Bank of Canada reduced their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Monday. Finally, 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 report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,626.83.

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.