Legacy Capital Wealth Partners LLC Buys 26 Shares of Markel Group Inc. (NYSE:MKL)

Legacy Capital Wealth Partners LLC raised its stake in Markel Group Inc. (NYSE:MKL) by 13.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220 shares of the insurance provider’s stock after purchasing an additional 26 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Markel Group were worth $345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Toth Financial Advisory Corp lifted its stake 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 valued at $35,000 after buying an additional 20 shares during the period. UMB Bank n.a. lifted its position in shares of Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Markel Group during the 2nd quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Markel Group during the second quarter valued at approximately $55,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Markel Group in the second quarter valued at $65,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Citigroup lifted their target price on shares of 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. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group upped 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Stock Performance

NYSE MKL opened at $1,650.74 on Monday. Markel Group Inc. has a 1-year low of $1,325.00 and a 1-year high of $1,675.51. The company has a 50 day moving average of $1,569.99 and a 200-day moving average of $1,573.63. 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 market cap of $21.23 billion, a price-to-earnings ratio of 7.61 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. On average, equities analysts forecast that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.

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.