Assenagon Asset Management S.A. Has $38.69 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Assenagon Asset Management S.A. grew its position in Markel Group Inc. (NYSE:MKL) by 167.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,411 shares of the insurance provider’s stock after buying an additional 14,022 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Markel Group were worth $38,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gold Investment Management Ltd. grew its holdings in shares of Markel Group by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after purchasing an additional 7 shares during the last quarter. Freedom Day Solutions LLC lifted its position in shares of Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after purchasing an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in Markel Group by 1.1% during the 3rd 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 in the last quarter. Financial Advocates Investment Management raised its position in shares of Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after acquiring an additional 8 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Markel Group by 3.0% in the third quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider’s stock valued at $538,000 after acquiring an additional 10 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 1.3 %

Shares of NYSE:MKL opened at $1,769.16 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The business has a fifty day moving average price of $1,725.39 and a two-hundred day moving average price of $1,622.33. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,809.11. The company has a market capitalization of $22.75 billion, a PE ratio of 8.16 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly 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). 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 analysts’ expectations of $3.74 billion. Analysts forecast that Markel Group Inc. will post 86.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MKL. Jefferies Financial Group boosted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Royal Bank of Canada reduced their target price on shares of 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 lowered Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,626.83.

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.