Markel Group Inc. (NYSE:MKL) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its position in Markel Group Inc. (NYSE:MKL) by 22.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 239 shares of the insurance provider’s stock after buying an additional 44 shares during the period. Blue Trust Inc.’s holdings in Markel Group were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MKL. Cubist Systematic Strategies LLC acquired a new stake in Markel Group during the second quarter valued at approximately $65,000. EP Wealth Advisors LLC bought a new position in Markel Group in the 2nd quarter worth approximately $243,000. Cetera Investment Advisers increased its holdings in shares of Markel Group by 16.0% during the second quarter. Cetera Investment Advisers now owns 1,453 shares of the insurance provider’s stock valued at $2,289,000 after purchasing an additional 200 shares during the period. Sanctuary Advisors LLC acquired a new stake in Markel Group in the second quarter worth about $2,803,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Markel Group in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MKL shares. 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 note on Friday, November 1st. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group raised 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. 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 currently has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Stock Performance

MKL opened at $1,829.52 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market cap of $23.53 billion, a PE ratio of 8.44 and a beta of 0.78. The business has a fifty day simple moving average of $1,751.84 and a 200-day simple moving average of $1,640.90. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week 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 for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, equities analysts predict that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

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.