Markel Group Inc. (NYSE:MKL) is Evergreen Wealth Management LLC’s 9th Largest Position

Evergreen Wealth Management LLC raised its holdings in Markel Group Inc. (NYSE:MKL) by 10.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,523 shares of the insurance provider’s stock after acquiring an additional 340 shares during the quarter. Markel Group accounts for about 3.3% of Evergreen Wealth Management LLC’s holdings, making the stock its 9th biggest position. Evergreen Wealth Management LLC’s holdings in Markel Group were worth $5,527,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp raised its stake in Markel Group by 1,000.0% during 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 in the last quarter. UMB Bank n.a. lifted its position in shares of Markel Group by 833.3% during the 3rd 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. acquired a new stake in shares of Markel Group during the second quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Markel Group during the 2nd quarter valued at about $55,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Markel Group during the 2nd 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

Several equities research analysts have issued reports on MKL shares. Royal Bank of Canada lowered 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 report on Friday, November 1st. Jefferies Financial Group boosted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Citigroup increased their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Stock Down 0.1 %

Shares of MKL stock traded down $2.39 during mid-day trading on Friday, reaching $1,707.64. 48,558 shares of the company’s stock traded hands, compared to its average volume of 43,105. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $21.96 billion, a P/E ratio of 7.88 and a beta of 0.73. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,733.58. The company’s 50-day moving average price is $1,577.60 and its 200-day moving average price is $1,578.86.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion for 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%. On average, equities analysts expect that Markel Group Inc. will post 89.27 earnings per share 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.