Asset Management One Co. Ltd. Has $7.98 Million Holdings in Markel Group Inc. (NYSE:MKL)

Asset Management One Co. Ltd. increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,084 shares of the insurance provider's stock after buying an additional 404 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Markel Group were worth $7,975,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. Assenagon Asset Management S.A. grew its holdings in shares of Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider's stock valued at $15,574,000 after acquiring an additional 558 shares in the last quarter. Solitude Financial Services bought a new position in Markel Group in the second quarter valued at approximately $1,182,000. Sei Investments Co. increased its position in shares of Markel Group by 41.7% during the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider's stock worth $6,554,000 after purchasing an additional 1,268 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider's stock worth $12,684,000 after purchasing an additional 359 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Markel Group by 89.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider's stock worth $1,270,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MKL shares. StockNews.com upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a report on Monday. Jefferies Financial Group boosted their price objective 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. Royal Bank of Canada cut their target price 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. Finally, Citigroup lifted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a "sell" rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Markel Group presently has an average rating of "Hold" and a consensus price target of $1,651.83.

Markel Group Stock Performance

Shares of MKL stock traded up $14.60 during midday trading on Friday, hitting $1,650.74. 40,707 shares of the company were exchanged, compared to its average volume of 42,807. Markel Group Inc. has a 52 week low of $1,325.00 and a 52 week high of $1,675.51. The firm has a market capitalization of $21.23 billion, a P/E ratio of 7.66 and a beta of 0.73. The firm's 50 day moving average price is $1,569.03 and its two-hundred day moving average price is $1,571.76. 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 (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities research analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current year.

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.