Regency Capital Management Inc. DE Acquires 324 Shares of Markel Group Inc. (NYSE:MKL)

Regency Capital Management Inc. DE increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,947 shares of the insurance provider’s stock after purchasing an additional 324 shares during the period. Markel Group makes up approximately 6.5% of Regency Capital Management Inc. DE’s holdings, making the stock its 3rd largest position. Regency Capital Management Inc. DE’s holdings in Markel Group were worth $11,992,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after buying an additional 10,254 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Markel Group by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after acquiring an additional 1,689 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after acquiring an additional 766 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Markel Group by 0.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock valued at $72,490,000 after acquiring an additional 133 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,810.98 on Friday. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,817.81. The stock has a market cap of $23.29 billion, a PE ratio of 8.35 and a beta of 0.78. The firm has a 50-day moving average of $1,740.16 and a 200-day moving average of $1,632.86. 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 (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 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 firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. On average, sell-side analysts anticipate that Markel Group Inc. will post 86.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MKL shares. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada dropped their price target 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. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Finally, Jefferies Financial Group raised their price objective on 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,626.83.

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.