Markel Group Inc. (NYSE:MKL) Shares Acquired by Solitude Financial Services

Solitude Financial Services increased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 43.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,075 shares of the insurance provider's stock after purchasing an additional 325 shares during the quarter. Markel Group makes up 0.7% of Solitude Financial Services' investment portfolio, making the stock its 15th largest holding. Solitude Financial Services' holdings in Markel Group were worth $1,686,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MKL. Toth Financial Advisory Corp increased its position in Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after purchasing an additional 20 shares during the period. UMB Bank n.a. grew its stake in shares of Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after buying an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Markel Group during the 2nd quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Markel Group during the 2nd quarter worth $55,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Markel Group in the second quarter valued at approximately $65,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

Shares of NYSE:MKL traded up $9.64 during midday trading on Tuesday, reaching $1,560.17. 57,410 shares of the company's stock traded hands, compared to its average volume of 42,767. 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 Inc. has a one year low of $1,317.00 and a one year high of $1,670.24. The company has a market cap of $20.06 billion, a price-to-earnings ratio of 7.20 and a beta of 0.73. The stock has a 50 day moving average of $1,566.69 and a 200 day moving average of $1,570.78.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results 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 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, equities research analysts anticipate that Markel Group Inc. will post 91.55 EPS for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of a number of research reports. TD Cowen began coverage on Markel Group in a research report on Tuesday, July 9th. They set a "buy" rating and a $1,986.00 price objective on the stock. Jefferies Financial Group raised 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 note on Wednesday, October 9th. StockNews.com raised Markel Group from a "hold" rating to a "buy" rating in a research report on Monday. Citigroup raised their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada decreased their target price on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $1,651.83.

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.