Crestwood Advisors Group LLC Has $1.70 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Crestwood Advisors Group LLC lifted its position in Markel Group Inc. (NYSE:MKL - Free Report) by 323.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,084 shares of the insurance provider's stock after purchasing an additional 828 shares during the quarter. Crestwood Advisors Group LLC's holdings in Markel Group were worth $1,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MKL. Toth Financial Advisory Corp increased its holdings in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after buying an additional 20 shares in the last quarter. UMB Bank n.a. raised its position in Markel Group by 833.3% in the 3rd 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Markel Group in the 2nd quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Markel Group in the second quarter worth $55,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Markel Group during the second quarter worth $65,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Monday. Jefferies Financial Group increased their price target on shares of 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. TD Cowen assumed coverage on Markel Group in a report on Tuesday, July 9th. They set a "buy" rating and a $1,986.00 price objective on the stock. Royal Bank of Canada lowered 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 note on Friday, November 1st. Finally, Citigroup upped their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $1,651.83.

Markel Group Trading Up 5.6 %

Shares of Markel Group stock traded up $87.32 on Wednesday, hitting $1,646.17. 53,222 shares of the company's stock traded hands, compared to its average volume of 46,283. The firm's 50-day moving average price is $1,568.10 and its two-hundred day moving average price is $1,571.31. 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 stock has a market capitalization of $21.17 billion, a PE ratio of 7.59 and a beta of 0.73. Markel Group Inc. has a one year low of $1,317.00 and a one year high of $1,670.24.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. On average, research analysts expect that Markel Group Inc. will post 89.27 EPS for the current fiscal 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.