Perigon Wealth Management LLC Raises Position in Markel Group Inc. (NYSE:MKL)

Perigon Wealth Management LLC increased its position in shares of Markel Group Inc. (NYSE:MKL) by 2.7% in the 4th quarter, HoldingsChannel reports. The firm owned 461 shares of the insurance provider’s stock after purchasing an additional 12 shares during the period. Perigon Wealth Management LLC’s holdings in Markel Group were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MKL. Brooklyn Investment Group acquired a new position in Markel Group during the 3rd quarter worth approximately $31,000. Toth Financial Advisory Corp grew its holdings 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 worth $35,000 after acquiring an additional 20 shares during the period. Larson Financial Group LLC purchased a new position in Markel Group in the third quarter worth $36,000. Global Trust Asset Management LLC acquired a new stake in Markel Group in the fourth quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Markel Group during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analysts Set New Price Targets

MKL has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada reduced their price target 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 cut 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 report on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Price Performance

MKL stock opened at $1,831.59 on Friday. The stock’s 50 day moving average price is $1,747.98 and its 200 day moving average price is $1,637.94. The firm has a market cap of $23.55 billion, a P/E ratio of 8.45 and a beta of 0.78. 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 Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,842.48.

Markel Group (NYSE:MKL) last released 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). The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, sell-side analysts expect that Markel Group Inc. will post 86.92 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.