Blankinship & Foster LLC Makes New $643,000 Investment in Markel Group Inc. (NYSE:MKL)

Blankinship & Foster LLC 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 Securities & Exchange Commission. The firm bought 410 shares of the insurance provider's stock, valued at approximately $643,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec grew its stake in Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider's stock valued at $23,366,000 after purchasing an additional 14,507 shares in the last quarter. State Street Corp boosted its stake 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 buying an additional 13,372 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its position in shares of Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider's stock worth $134,320,000 after buying an additional 11,357 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Markel Group by 156,757.1% in the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider's stock worth $17,223,000 after buying an additional 10,973 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock valued at $327,131,000 after acquiring an additional 10,254 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MKL shares. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Jefferies Financial Group lifted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada decreased their target price on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of "Hold" and a consensus price target of $1,626.83.

Markel Group Stock Performance

MKL traded down $14.45 on Thursday, hitting $1,742.77. 37,704 shares of the company's stock were exchanged, compared to its average volume of 43,860. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $1,651.42 and a two-hundred day moving average of $1,598.82. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. The firm has a market cap of $22.42 billion, a PE ratio of 8.04 and a beta of 0.77.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly 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 company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. On average, research analysts anticipate that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Markel Group Company 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.