Markel Group Inc. (NYSE:MKL) Shares Acquired by SpiderRock Advisors LLC

SpiderRock Advisors LLC increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 199.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 473 shares of the insurance provider's stock after acquiring an additional 315 shares during the period. SpiderRock Advisors LLC's holdings in Markel Group were worth $742,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Toth Financial Advisory Corp lifted its holdings in shares of 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 buying an additional 20 shares in the last quarter. UMB Bank n.a. grew its position in Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after acquiring an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Markel Group during the second quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Markel Group in the second quarter worth $55,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Markel Group during the second quarter valued at about $65,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

MKL has been the topic of several analyst reports. 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 research note on Tuesday, July 23rd. StockNews.com upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Royal Bank of Canada decreased their price objective 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, Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $1,651.83.

Markel Group Stock Down 0.1 %

MKL stock traded down $1.09 on Monday, hitting $1,649.65. 22,884 shares of the company's stock were exchanged, compared to its average volume of 42,716. The firm has a 50 day moving average price of $1,569.99 and a two-hundred day moving average price of $1,574.40. 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 12-month low of $1,339.72 and a 12-month high of $1,676.56. The stock has a market cap of $21.21 billion, a P/E ratio of 7.68 and a beta of 0.73.

Markel Group (NYSE:MKL - Get Free Report) last released 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). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. As a group, equities research analysts expect that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

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.