Raymond James & Associates Acquires 1,681 Shares of Markel Group Inc. (NYSE:MKL)

Raymond James & Associates increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,015 shares of the insurance provider's stock after purchasing an additional 1,681 shares during the quarter. Raymond James & Associates owned approximately 0.23% of Markel Group worth $47,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of Markel Group by 78.9% in the third quarter. Blue Trust Inc. now owns 195 shares of the insurance provider's stock valued at $307,000 after buying an additional 86 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Markel Group by 22.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 231 shares of the insurance provider's stock valued at $362,000 after purchasing an additional 42 shares during the period. Hengehold Capital Management LLC acquired a new stake in Markel Group in the 3rd quarter valued at about $229,000. Culbertson A N & Co. Inc. grew its holdings in Markel Group by 263.5% during the third quarter. Culbertson A N & Co. Inc. now owns 618 shares of the insurance provider's stock worth $969,000 after purchasing an additional 448 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Markel Group during the third quarter worth approximately $427,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham acquired 20 shares of Markel Group stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.71% of the company's stock.

Markel Group Stock Down 1.2 %

NYSE MKL traded down $18.37 on Wednesday, hitting $1,567.56. 41,541 shares of the company were exchanged, compared to its average volume of 41,884. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The company has a market cap of $20.38 billion, a PE ratio of 8.57 and a beta of 0.73. The stock has a fifty day moving average of $1,567.00 and a 200-day moving average of $1,563.42.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping the consensus estimate of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. As a group, analysts forecast that Markel Group Inc. will post 89.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MKL. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research note on Monday, October 7th. Jefferies Financial Group increased their price objective 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. Citigroup lifted their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a "sell" rating in a report on Tuesday, July 23rd. Finally, TD Cowen started coverage on Markel Group in a research note on Tuesday, July 9th. They issued a "buy" rating and a $1,986.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Markel Group presently has an average rating of "Hold" and a consensus target price of $1,643.50.

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.