Hudson Value Partners LLC grew its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 10.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,186 shares of the insurance provider's stock after buying an additional 314 shares during the period. Markel Group makes up 1.9% of Hudson Value Partners LLC's holdings, making the stock its 19th biggest position. Hudson Value Partners LLC's holdings in Markel Group were worth $4,997,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Epic Trust Investment Advisors LLC raised its position in shares of Markel Group by 4.6% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider's stock valued at $285,000 after buying an additional 8 shares in the last quarter. Freedom Day Solutions LLC raised its position in Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider's stock valued at $2,326,000 after purchasing an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in Markel Group by 1.1% during the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock worth $1,170,000 after purchasing an additional 8 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Markel Group by 3.2% in the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider's stock valued at $406,000 after purchasing an additional 8 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC raised its holdings in shares of Markel Group by 5.3% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider's stock worth $312,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on MKL. Jefferies Financial Group raised their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada cut 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. StockNews.com raised Markel Group from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Citigroup raised their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and an average price target of $1,651.83.
Check Out Our Latest Analysis on Markel Group
Markel Group Stock Up 0.7 %
MKL stock traded up $12.22 during mid-day trading on Friday, reaching $1,648.37. 40,707 shares of the company traded hands, compared to its average volume of 48,415. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm's 50 day moving average price is $1,569.99 and its 200 day moving average price is $1,572.97. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 7.60 and a beta of 0.73. Markel Group Inc. has a fifty-two week low of $1,325.00 and a fifty-two week high of $1,675.51.
Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.74 billion. As a group, equities research analysts predict that Markel Group Inc. will post 89.27 EPS for the current fiscal year.
Markel Group Profile
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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.
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