Benjamin Edwards Inc. Makes New $762,000 Investment in Markel Group Inc. (NYSE:MKL)

Benjamin Edwards Inc. purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 486 shares of the insurance provider's stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of Markel Group in the third quarter valued at approximately $31,000. Toth Financial Advisory Corp boosted its stake in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after purchasing an additional 20 shares during the period. Larson Financial Group LLC purchased a new position in Markel Group during the 3rd quarter worth $36,000. UMB Bank n.a. increased its stake in Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 25 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Markel Group in the second quarter valued at $45,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Down 0.1 %

Shares of NYSE:MKL traded down $2.27 during mid-day trading on Friday, hitting $1,756.77. 60,899 shares of the company traded hands, compared to its average volume of 47,198. The firm's 50 day simple moving average is $1,636.60 and its 200 day simple moving average is $1,594.75. The firm has a market cap of $22.60 billion, a P/E ratio of 8.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11.

Markel Group (NYSE:MKL - Get Free Report) 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 firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, equities analysts anticipate that Markel Group Inc. will post 86.73 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MKL shares. Jefferies Financial Group lifted their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Royal Bank of Canada dropped 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 note on Friday, November 1st. TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.