Victory Capital Management Inc. Increases Position in Markel Group Inc. (NYSE:MKL)

Victory Capital Management Inc. raised its position in Markel Group Inc. (NYSE:MKL - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,845 shares of the insurance provider's stock after buying an additional 300 shares during the period. Victory Capital Management Inc.'s holdings in Markel Group were worth $9,168,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MKL. Gold Investment Management Ltd. boosted its holdings in shares of Markel Group by 0.6% in the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider's stock worth $1,912,000 after buying an additional 7 shares during the last quarter. Epic Trust Investment Advisors LLC lifted its stake in Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider's stock valued at $285,000 after purchasing an additional 8 shares during the last quarter. Freedom Day Solutions LLC grew its holdings in Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider's stock valued at $2,326,000 after purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC increased its position in Markel Group by 1.1% in the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock worth $1,170,000 after buying an additional 8 shares during the last quarter. Finally, Financial Advocates Investment Management raised its stake in shares of Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider's stock valued at $406,000 after buying an additional 8 shares during the period. Institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on 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 downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Royal Bank of Canada dropped their target price on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $1,651.83.

Markel Group Price Performance

NYSE:MKL traded up $31.55 during trading hours on Friday, hitting $1,750.00. The stock had a trading volume of 36,176 shares, compared to its average volume of 43,184. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 7.93 and a beta of 0.73. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,751.35. The company has a 50 day simple moving average of $1,593.75 and a two-hundred day simple moving average of $1,585.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. Research analysts forecast that Markel Group Inc. will post 89.27 earnings per share 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.