Markel Group Inc. (NYSE:MKL) Position Boosted by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC lifted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,523 shares of the insurance provider's stock after acquiring an additional 340 shares during the quarter. Markel Group makes up 3.3% of Evergreen Wealth Management LLC's investment portfolio, making the stock its 9th largest position. Evergreen Wealth Management LLC's holdings in Markel Group were worth $5,527,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MKL. Boston Partners raised its holdings in Markel Group by 36.7% during the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider's stock valued at $326,124,000 after acquiring an additional 57,528 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its position in shares of Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider's stock valued at $134,320,000 after purchasing an additional 11,357 shares in the last quarter. International Assets Investment Management LLC raised its stake 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 purchasing an additional 10,973 shares during the period. Marshall Wace LLP purchased a new stake in Markel Group during the 2nd quarter worth about $15,596,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in Markel Group by 52.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider's stock worth $35,202,000 after purchasing an additional 7,659 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Price Performance

NYSE:MKL traded down $2.39 during midday trading on Friday, hitting $1,707.64. The company had a trading volume of 48,558 shares, compared to its average volume of 43,105. The company has a market capitalization of $21.96 billion, a PE ratio of 7.88 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,733.58. The stock's fifty day moving average price is $1,581.08 and its 200-day moving average price is $1,580.65.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results 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 for 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%. As a group, research analysts expect that Markel Group Inc. will post 89.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of 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. Jefferies Financial Group increased their target price 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. Citigroup boosted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research report on Tuesday, July 23rd. Finally, StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $1,651.83.

Markel Group 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.