Anson Funds Management LP Invests $494,000 in Markel Group Inc. (NYSE:MKL)

Anson Funds Management LP bought a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 315 shares of the insurance provider's stock, valued at approximately $494,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider's stock valued at $15,574,000 after purchasing an additional 558 shares during the last quarter. Solitude Financial Services purchased a new position in shares of Markel Group during the second quarter valued at approximately $1,182,000. SpiderRock Advisors LLC boosted its position in Markel Group by 199.4% during the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider's stock worth $742,000 after acquiring an additional 315 shares during the last quarter. Versor Investments LP grew its stake in Markel Group by 72.4% in the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider's stock worth $598,000 after acquiring an additional 160 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Markel Group by 172.4% in the 1st quarter. Cetera Investment Advisers now owns 1,253 shares of the insurance provider's stock valued at $1,906,000 after acquiring an additional 793 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Down 0.1 %

Shares of NYSE:MKL traded down $2.27 during trading on Friday, reaching $1,756.77. 60,899 shares of the stock were exchanged, compared to its average volume of 47,198. The firm's 50-day moving average price is $1,636.60 and its 200 day moving average price is $1,594.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $22.60 billion, a price-to-earnings ratio of 8.10 and a beta of 0.77. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11.

Markel Group (NYSE:MKL - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. On average, sell-side analysts anticipate that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MKL shares. Jefferies Financial Group lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. 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. TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Markel Group presently has a consensus 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.