720 Shares in Markel Group Inc. (NYSE:MKL) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 720 shares of the insurance provider's stock, valued at approximately $1,243,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brooklyn Investment Group acquired a new position in shares of Markel Group during the 3rd quarter worth approximately $31,000. Toth Financial Advisory Corp grew its position in 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. Larson Financial Group LLC bought a new position in Markel Group during the 3rd quarter worth $36,000. Wilmington Savings Fund Society FSB acquired a new position in Markel Group in the 3rd quarter valued at $42,000. Finally, UMB Bank n.a. lifted its position in shares of Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after acquiring an additional 25 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of Markel Group stock traded down $4.28 during midday trading on Friday, hitting $1,713.08. 38,914 shares of the company traded hands, compared to its average volume of 37,557. The firm's fifty day moving average price is $1,700.93 and its 200-day moving average price is $1,613.76. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 7.90 and a beta of 0.78. 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 debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last posted 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 company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. As a group, sell-side analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MKL shares. Royal Bank of Canada decreased 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 research report on Friday, November 1st. Jefferies Financial Group boosted their target price on shares of 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. StockNews.com upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Monday, December 30th. Finally, TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities 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. Based on data from MarketBeat, Markel Group currently has an average rating of "Hold" and an average price target of $1,626.83.

About Markel Group

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.