Assenagon Asset Management S.A. Boosts Holdings in Markel Group Inc. (NYSE:MKL)

Assenagon Asset Management S.A. grew its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 167.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,411 shares of the insurance provider's stock after buying an additional 14,022 shares during the quarter. Assenagon Asset Management S.A. owned 0.17% of Markel Group worth $38,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock valued at $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock valued at $327,131,000 after buying an additional 10,254 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Markel Group by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider's stock worth $178,931,000 after buying an additional 5,310 shares in the last quarter. Jennison Associates LLC raised its position in Markel Group by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider's stock worth $112,362,000 after buying an additional 1,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock valued at $87,398,000 after acquiring an additional 766 shares during the period. Institutional investors own 77.12% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MKL shares. Jefferies Financial Group lifted their price target 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. StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Monday, December 30th. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada dropped 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. One 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 stock. According to MarketBeat.com, Markel Group currently has an average rating of "Hold" and a consensus target price of $1,626.83.

Markel Group Stock Performance

MKL traded up $7.10 during trading on Friday, hitting $1,776.14. The company's stock had a trading volume of 250,763 shares, compared to its average volume of 79,906. The business's 50 day simple moving average is $1,725.39 and its 200-day simple moving average is $1,622.33. The firm has a market cap of $22.84 billion, a PE ratio of 8.19 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 quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS 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 during the quarter, compared to the consensus estimate of $3.74 billion. As a group, sell-side analysts predict that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

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.