PYA Waltman Capital LLC Buys 420 Shares of Markel Group Inc. (NYSE:MKL)

PYA Waltman Capital LLC boosted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,879 shares of the insurance provider's stock after purchasing an additional 420 shares during the quarter. Markel Group makes up 5.6% of PYA Waltman Capital LLC's portfolio, making the stock its 5th biggest holding. PYA Waltman Capital LLC owned 0.08% of Markel Group worth $17,064,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in 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 buying an additional 558 shares in the last quarter. Solitude Financial Services purchased a new stake in shares of Markel Group in the second quarter valued at $1,182,000. SpiderRock Advisors LLC boosted its stake in shares of Markel Group by 199.4% during the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider's stock valued at $742,000 after acquiring an additional 315 shares during the last quarter. Versor Investments LP increased its position in Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider's stock worth $598,000 after purchasing an additional 160 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Markel Group by 172.4% in the 1st quarter. Cetera Investment Advisers now owns 1,253 shares of the insurance provider's stock valued at $1,906,000 after purchasing an additional 793 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Jefferies Financial Group raised their target price 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. Royal Bank of Canada cut their price target on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. Finally, TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, Markel Group presently has a consensus rating of "Hold" and an average target price of $1,626.83.

Markel Group Trading Down 0.1 %

Shares of MKL traded down $0.92 during mid-day trading on Monday, reaching $1,755.85. The company had a trading volume of 67,171 shares, compared to its average volume of 43,368. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 8.10 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $1,636.60 and a 200-day simple moving average of $1,594.75. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11.

Markel Group (NYSE:MKL - Get Free Report) last posted 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 firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, sell-side analysts anticipate that Markel Group Inc. will post 86.73 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.