Founders Grove Wealth Partners LLC Invests $333,000 in Markel Group Inc. (NYSE:MKL)

Founders Grove Wealth Partners LLC acquired a new position in Markel Group Inc. (NYSE:MKL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 193 shares of the insurance provider's stock, valued at approximately $333,000.

Several other large investors have also modified their holdings of the company. SpiderRock Advisors LLC lifted its position in Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider's stock worth $742,000 after acquiring an additional 315 shares during the last quarter. Versor Investments LP lifted its position in shares of Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider's stock worth $598,000 after purchasing an additional 160 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Markel Group during the 2nd quarter valued at approximately $2,803,000. Franklin Resources Inc. grew its holdings in Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock valued at $8,736,000 after buying an additional 527 shares during the last quarter. Finally, State Street Corp increased its position in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock worth $516,391,000 after buying an additional 13,372 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

Shares of MKL traded up $26.27 during mid-day trading on Wednesday, hitting $1,747.27. 84,192 shares of the company traded hands, compared to its average volume of 61,921. The business has a 50-day moving average of $1,722.73 and a 200 day moving average of $1,621.30. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 8.06 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 company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

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 analysts' consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, equities analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

MKL has been the subject of a number of research reports. TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Monday, December 30th. 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 research note on Friday, November 1st. Finally, Jefferies Financial Group boosted their price objective 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. One 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 MarketBeat.com, the company has an average rating of "Hold" and an average target price of $1,626.83.

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.