Charles Schwab Investment Management Inc. Purchases 766 Shares of Markel Group Inc. (NYSE:MKL)

Charles Schwab Investment Management Inc. lifted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,718 shares of the insurance provider's stock after purchasing an additional 766 shares during the period. Charles Schwab Investment Management Inc. owned 0.43% of Markel Group worth $87,398,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Thompson Siegel & Walmsley LLC grew its position in shares of Markel Group by 0.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider's stock worth $72,490,000 after buying an additional 133 shares during the last quarter. Intech Investment Management LLC lifted its stake in Markel Group by 18.4% in the third quarter. Intech Investment Management LLC now owns 862 shares of the insurance provider's stock worth $1,352,000 after acquiring an additional 134 shares during the period. Jennison Associates LLC boosted its holdings in Markel Group by 2.4% in the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider's stock valued at $112,362,000 after acquiring an additional 1,689 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in Markel Group by 10.2% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 216 shares of the insurance provider's stock valued at $339,000 after purchasing an additional 20 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Markel Group by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,161 shares of the insurance provider's stock worth $9,664,000 after purchasing an additional 67 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Up 0.5 %

MKL traded up $9.38 during midday trading on Thursday, reaching $1,785.11. The company's stock had a trading volume of 49,753 shares, compared to its average volume of 43,348. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,809.11. The stock's 50-day moving average is $1,613.70 and its 200-day moving average is $1,590.65. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 8.23 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations 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 88.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted 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 research report on Wednesday, October 9th. 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. Finally, StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $1,651.83.

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.