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Empirical Asset Management LLC Invests $54.17 Million in Markel Group Inc. (NYSE:MKL)

Markel Group logo with Multi-Sector Conglomerates background

Empirical Asset Management LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 31,382 shares of the insurance provider's stock, valued at approximately $54,173,000. Markel Group accounts for approximately 1.6% of Empirical Asset Management LLC's investment portfolio, making the stock its 13th biggest holding. Empirical Asset Management LLC owned 0.24% of Markel Group as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of 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 buying an additional 14,507 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Markel Group by 167.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider's stock valued at $38,687,000 after buying an additional 14,022 shares in the last quarter. State Street Corp lifted its position 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 in the last quarter. International Assets Investment Management LLC lifted its position in shares of Markel Group by 156,757.1% during the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider's stock valued at $17,223,000 after buying an additional 10,973 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Markel Group by 5.2% in the 3rd 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 in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. 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 on the stock in a report on Friday, November 1st. StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Monday, December 30th. Jefferies Financial Group lifted 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 note on Wednesday, October 9th. Finally, TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $1,626.83.

Read Our Latest Stock Report on Markel Group

Markel Group Trading Up 0.6 %

NYSE MKL traded up $10.20 during trading on Friday, hitting $1,779.24. The stock had a trading volume of 43,240 shares, compared to its average volume of 60,731. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 8.21 and a beta of 0.78. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,809.11. The stock has a 50 day simple moving average of $1,725.39 and a 200 day simple moving average of $1,622.33.

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 (EPS) 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 return on equity of 10.86% and a net margin of 17.03%. Sell-side analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current year.

About Markel Group

(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.

See Also

Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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