Markel Group Inc. (NYSE:MKL) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 10.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,571 shares of the insurance provider's stock after buying an additional 527 shares during the period. Franklin Resources Inc.'s holdings in Markel Group were worth $8,736,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of Markel Group during the 3rd quarter worth $31,000. Toth Financial Advisory Corp increased its stake in Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock valued at $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC purchased a new position in Markel Group during the third quarter worth about $36,000. Wilmington Savings Fund Society FSB acquired a new stake in Markel Group in the 3rd quarter worth about $42,000. Finally, UMB Bank n.a. increased its stake in shares of Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Up 1.6 %

Shares of NYSE:MKL traded up $26.93 during midday trading on Friday, hitting $1,727.20. 117,010 shares of the company's stock traded hands, compared to its average volume of 44,238. The firm's fifty day moving average price is $1,669.39 and its two-hundred day moving average price is $1,602.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. The company has a market cap of $22.22 billion, a PE ratio of 7.97 and a beta of 0.77.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, equities research analysts anticipate that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of several research analyst reports. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Jefferies Financial Group lifted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada reduced their target price on 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. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $1,626.83.

About Markel Group

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.