Mediolanum International Funds Ltd Boosts Stock Position in Markel Group Inc. (NYSE:MKL)

Mediolanum International Funds Ltd increased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 175.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,452 shares of the insurance provider's stock after purchasing an additional 4,106 shares during the quarter. Mediolanum International Funds Ltd owned about 0.05% of Markel Group worth $11,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gilbert & Cook Inc. grew its holdings in Markel Group by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after buying an additional 7 shares in the last quarter. Allen Capital Group LLC bought a new stake in Markel Group during the 4th quarter worth approximately $307,000. Forsta AP Fonden lifted its stake in Markel Group by 6.5% in the 4th quarter. Forsta AP Fonden now owns 1,960 shares of the insurance provider's stock worth $3,383,000 after purchasing an additional 120 shares in the last quarter. Kirr Marbach & Co. LLC IN grew its position in shares of Markel Group by 0.5% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 8,027 shares of the insurance provider's stock valued at $13,856,000 after purchasing an additional 38 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in shares of Markel Group by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 461 shares of the insurance provider's stock worth $816,000 after purchasing an additional 12 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. Jefferies Financial Group upped 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 report on Wednesday, October 9th. TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada decreased 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. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,626.83.

Markel Group Stock Down 0.1 %

Shares of NYSE MKL opened at $1,829.52 on Friday. The stock has a market capitalization of $23.53 billion, a P/E ratio of 8.44 and a beta of 0.78. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,842.48. The firm's 50 day simple moving average is $1,751.84 and its two-hundred day simple moving average is $1,640.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last issued 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). The business 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, analysts expect that Markel Group Inc. will post 86.92 EPS for the current fiscal 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.

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