229 Shares in Markel Group Inc. (NYSE:MKL) Purchased by MQS Management LLC

MQS Management LLC acquired a new position in Markel Group Inc. (NYSE:MKL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 229 shares of the insurance provider’s stock, valued at approximately $359,000.

Other large investors also recently modified their holdings of the company. Gold Investment Management Ltd. grew its stake in Markel Group by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after acquiring an additional 7 shares in the last quarter. Epic Trust Investment Advisors LLC boosted its position in Markel Group by 4.6% during the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after buying an additional 8 shares during the period. Freedom Day Solutions LLC raised its position in Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock valued at $2,326,000 after purchasing an additional 8 shares during the last quarter. Hunter Associates Investment Management LLC lifted its stake in Markel Group by 1.1% in the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after acquiring an additional 8 shares during the period. Finally, Financial Advocates Investment Management boosted its stake in shares of Markel Group by 3.2% during the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Jefferies Financial Group boosted their target price 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 target price on 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. Citigroup raised their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Trading Up 3.5 %

Shares of MKL opened at $1,714.08 on Friday. The firm has a market cap of $22.04 billion, a P/E ratio of 7.91 and a beta of 0.73. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,718.69. 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 company has a 50 day simple moving average of $1,574.49 and a two-hundred day simple moving average of $1,577.92.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, equities analysts expect that Markel Group Inc. will post 89.27 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.