Larson Financial Group LLC Invests $36,000 in Markel Group Inc. (NYSE:MKL)

Larson Financial Group LLC acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 3rd quarter, Holdings Channel reports. The fund acquired 23 shares of the insurance provider’s stock, valued at approximately $36,000.

A number of other hedge funds have also recently bought and sold shares of the company. Gold Investment Management Ltd. grew its holdings in Markel Group by 0.6% in the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after buying an additional 7 shares during the period. Epic Trust Investment Advisors LLC increased its position in Markel Group by 4.6% during the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 8 shares during the last quarter. Freedom Day Solutions LLC raised its stake in Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Markel Group by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after purchasing an additional 8 shares during the last quarter. Finally, Financial Advocates Investment Management grew 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 buying an additional 8 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,782.92 on Friday. The business’s 50-day simple moving average is $1,617.95 and its 200 day simple moving average is $1,591.31. The company has a market cap of $22.93 billion, a P/E ratio of 8.22 and a beta of 0.73. 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 one year low of $1,342.66 and a one year high of $1,809.11.

Markel Group (NYSE:MKL) last posted its quarterly earnings data 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). The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, sell-side analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MKL shares. Royal Bank of Canada cut their target price 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. Jefferies Financial Group lifted 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 lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.