Cerity Partners LLC Purchases 625 Shares of Markel Group Inc. (NYSE:MKL)

Cerity Partners LLC raised its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 16.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,540 shares of the insurance provider's stock after acquiring an additional 625 shares during the period. Cerity Partners LLC's holdings in Markel Group were worth $7,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MKL. Studio Investment Management LLC increased its position in Markel Group by 9.5% in the third quarter. Studio Investment Management LLC now owns 196 shares of the insurance provider's stock worth $307,000 after purchasing an additional 17 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Markel Group by 23.0% in the 3rd quarter. Raymond James Trust N.A. now owns 557 shares of the insurance provider's stock worth $874,000 after buying an additional 104 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock valued at $87,398,000 after buying an additional 766 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Markel Group by 0.3% in the 3rd 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 during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Markel Group by 18.4% in the 3rd quarter. Intech Investment Management LLC now owns 862 shares of the insurance provider's stock valued at $1,352,000 after acquiring an additional 134 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MKL has been the topic of a number of recent research reports. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday. Jefferies Financial Group boosted their target price 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. Finally, 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 research report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $1,651.83.

Markel Group Trading Up 0.5 %

Shares of NYSE MKL traded up $9.38 during midday trading on Thursday, hitting $1,785.11. The company's stock had a trading volume of 49,753 shares, compared to its average volume of 43,348. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. 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 firm has a market cap of $22.96 billion, a P/E ratio of 8.23 and a beta of 0.73. The business's 50 day moving average is $1,613.70 and its two-hundred day moving average is $1,590.65.

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 business had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.74 billion. As a group, equities research analysts expect that Markel Group Inc. will post 88.52 EPS for the current year.

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.