Sequoia Financial Advisors LLC Boosts Stock Holdings in Markel Group Inc. (NYSE:MKL)

Sequoia Financial Advisors LLC increased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 63.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,567 shares of the insurance provider's stock after buying an additional 608 shares during the period. Sequoia Financial Advisors LLC's holdings in Markel Group were worth $2,458,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MKL. Park Avenue Securities LLC raised its position in Markel Group by 18.8% during the 1st quarter. Park Avenue Securities LLC now owns 246 shares of the insurance provider's stock valued at $374,000 after purchasing an additional 39 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Markel Group by 0.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,013 shares of the insurance provider's stock valued at $6,105,000 after acquiring an additional 11 shares in the last quarter. Lincoln Capital LLC lifted its stake in Markel Group by 0.9% in the first quarter. Lincoln Capital LLC now owns 18,180 shares of the insurance provider's stock worth $27,661,000 after acquiring an additional 155 shares during the period. Capital Asset Advisory Services LLC purchased a new stake in Markel Group in the first quarter worth about $278,000. Finally, Trust Co. of Virginia VA bought a new position in Markel Group during the 1st quarter worth about $210,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on MKL shares. Jefferies Financial Group increased their target price on 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 boosted 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. TD Cowen initiated coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a "buy" rating and a $1,986.00 price objective for the company. Finally, StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Markel Group currently has an average rating of "Hold" and an average price target of $1,643.50.

Markel Group Stock Performance

Shares of NYSE:MKL traded up $10.57 on Thursday, hitting $1,578.13. 46,773 shares of the company were exchanged, compared to its average volume of 41,907. 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 stock's 50 day moving average price is $1,567.60 and its 200 day moving average price is $1,563.44. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The firm has a market capitalization of $20.52 billion, a P/E ratio of 8.46 and a beta of 0.73.

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

Insider Activity at Markel Group

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

Markel Group Company 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.