Parsons Capital Management Inc. RI Lowers Stock Holdings in Markel Group Inc. (NYSE:MKL)

Parsons Capital Management Inc. RI lowered its stake in Markel Group Inc. (NYSE:MKL) by 4.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 200 shares of the insurance provider’s stock after selling 10 shares during the period. Parsons Capital Management Inc. RI’s holdings in Markel Group were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Buttonwood Financial Advisors Inc. grew its stake in shares of Markel Group by 3.9% in the fourth quarter. Buttonwood Financial Advisors Inc. now owns 2,877 shares of the insurance provider’s stock worth $4,967,000 after acquiring an additional 107 shares during the period. Blue Trust Inc. raised its stake in Markel Group by 22.6% during the 4th quarter. Blue Trust Inc. now owns 239 shares of the insurance provider’s stock valued at $413,000 after buying an additional 44 shares during the last quarter. Cathy Pareto & Associates Inc. bought a new position in shares of Markel Group during the 4th quarter valued at $235,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Markel Group by 41.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 253 shares of the insurance provider’s stock worth $437,000 after buying an additional 74 shares during the last quarter. Finally, Regency Capital Management Inc. DE grew its holdings in shares of Markel Group by 4.9% in the fourth quarter. Regency Capital Management Inc. DE now owns 6,947 shares of the insurance provider’s stock worth $11,992,000 after acquiring an additional 324 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,828.83 on Wednesday. The stock has a market cap of $23.52 billion, a PE ratio of 8.44 and a beta of 0.78. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,842.48. The firm has a fifty day moving average price of $1,745.78 and a 200-day moving average price of $1,636.77. 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) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.74 billion. Equities analysts anticipate that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada cut 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 research report on Friday, November 1st. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Jefferies Financial Group boosted their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.