Brighton Jones LLC Invests $236,000 in Markel Group Inc. (NYSE:MKL)

Brighton Jones LLC bought a new stake in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 137 shares of the insurance provider’s stock, valued at approximately $236,000.

Other large investors have also added to or reduced their stakes in the company. Gold Investment Management Ltd. boosted its holdings in shares of Markel Group by 0.6% in the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after purchasing an additional 7 shares in the last quarter. Freedom Day Solutions LLC grew its position 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 valued at $2,326,000 after acquiring an additional 8 shares during the last quarter. Hunter Associates Investment Management LLC raised its stake in shares of Markel Group by 1.1% during 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 in the last quarter. Financial Advocates Investment Management lifted its holdings in shares of Markel Group by 3.2% in the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after acquiring an additional 8 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Markel Group by 3.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider’s stock valued at $538,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 1.0 %

NYSE MKL opened at $1,829.01 on Tuesday. The stock has a market cap of $23.52 billion, a P/E ratio of 8.44 and a beta of 0.78. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,842.48. The stock has a 50 day simple moving average of $1,740.16 and a two-hundred day simple moving average of $1,633.36. 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 (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). The company had revenue of $3.69 billion during 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, analysts forecast that Markel Group Inc. will post 86.92 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on MKL shares. Royal Bank of Canada lowered 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 note on Friday, November 1st. Jefferies Financial Group boosted their target price 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. TD Cowen cut 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 note on Monday, December 2nd. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.