JPMorgan Chase & Co. Has $39.07 Million Stock Position in Markel Group Inc. (NYSE:MKL)

JPMorgan Chase & Co. boosted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 29.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,906 shares of the insurance provider's stock after purchasing an additional 5,595 shares during the period. JPMorgan Chase & Co. owned about 0.19% of Markel Group worth $39,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKL. Brooklyn Investment Group acquired a new stake in shares of Markel Group in the third quarter valued at about $31,000. Toth Financial Advisory Corp increased its position in shares of Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Markel Group during the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Markel Group in the 3rd quarter valued at approximately $42,000. Finally, UMB Bank n.a. grew its stake in shares of Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after buying an additional 25 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

NYSE MKL traded down $9.33 on Monday, reaching $1,703.75. The stock had a trading volume of 76,939 shares, compared to its average volume of 50,680. 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 company has a market cap of $21.91 billion, a P/E ratio of 7.86 and a beta of 0.78. The firm has a fifty day moving average of $1,703.72 and a two-hundred day moving average of $1,615.48. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS 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 business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. On average, equities research analysts anticipate that Markel Group Inc. will post 86.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of 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. StockNews.com raised Markel Group from a "hold" rating to a "buy" rating in a research report on Monday, December 30th. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Jefferies Financial Group boosted their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. One investment 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. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of "Hold" and an average price target 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.