Intech Investment Management LLC Has $1.35 Million Stake in Markel Group Inc. (NYSE:MKL)

Intech Investment Management LLC grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 18.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 862 shares of the insurance provider’s stock after purchasing an additional 134 shares during the period. Intech Investment Management LLC’s holdings in Markel Group were worth $1,352,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after buying an additional 558 shares during the last quarter. Solitude Financial Services bought a new position in shares of Markel Group during the second quarter valued at about $1,182,000. SpiderRock Advisors LLC boosted its holdings in Markel Group by 199.4% during the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after purchasing an additional 315 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Markel Group by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after purchasing an additional 359 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Markel Group by 19.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 4,486 shares of the insurance provider’s stock valued at $7,068,000 after buying an additional 740 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Up 0.9 %

Shares of NYSE MKL opened at $1,778.09 on Wednesday. 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 stock has a market capitalization of $22.87 billion, a PE ratio of 8.20 and a beta of 0.73. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,778.10. The business’s fifty day moving average price is $1,605.30 and its 200-day moving average price is $1,587.91.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 for the quarter, compared to the consensus estimate of $3.74 billion. On average, equities research analysts anticipate that Markel Group Inc. will post 88.52 EPS for the current year.

Analyst Ratings Changes

MKL has been the subject of several recent analyst reports. 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. Jefferies Financial Group upped their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group 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.