Allen Capital Group LLC acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 178 shares of the insurance provider's stock, valued at approximately $307,000.
A number of other large investors have also recently made changes to their positions in MKL. State Street Corp lifted its stake in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock valued at $516,391,000 after buying an additional 13,372 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock worth $327,131,000 after purchasing an additional 10,254 shares during the last quarter. Jennison Associates LLC increased its stake in Markel Group by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider's stock valued at $112,362,000 after buying an additional 1,689 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Markel Group by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock worth $87,398,000 after acquiring an additional 766 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Markel Group by 0.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider's stock valued at $72,490,000 after acquiring an additional 133 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.
Markel Group Stock Up 1.7 %
MKL traded up $30.34 on Thursday, reaching $1,833.37. The company's stock had a trading volume of 13,969 shares, compared to its average volume of 67,531. 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 business's 50 day moving average is $1,747.98 and its 200 day moving average is $1,637.94. The stock has a market cap of $23.58 billion, a price-to-earnings ratio of 8.46 and a beta of 0.78. 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 - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, research analysts forecast that Markel Group Inc. will post 86.92 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
MKL has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target 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 note on Friday, November 1st. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Jefferies Financial Group boosted 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 research report on Wednesday, October 9th. Finally, StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a report on Monday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Markel Group has an average rating of "Hold" and a consensus target price of $1,626.83.
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Markel Group Company Profile
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Free Report)
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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