Markel Group Inc. (NYSE:MKL) Stake Boosted by Solitude Financial Services

Solitude Financial Services grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 43.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,075 shares of the insurance provider’s stock after acquiring an additional 325 shares during the period. Markel Group accounts for 0.7% of Solitude Financial Services’ investment portfolio, making the stock its 15th biggest holding. Solitude Financial Services’ holdings in Markel Group were worth $1,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MKL. Toth Financial Advisory Corp lifted its position in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 20 shares during the last quarter. UMB Bank n.a. lifted its position in Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Markel Group during the second quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Markel Group during the second quarter valued at about $55,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Markel Group during the second quarter valued at about $65,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.4 %

MKL opened at $1,550.53 on Tuesday. The firm’s fifty day moving average is $1,566.95 and its two-hundred day moving average is $1,570.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $19.94 billion, a PE ratio of 7.15 and a beta of 0.73. Markel Group Inc. has a twelve month low of $1,317.00 and a twelve month high of $1,670.24.

Markel Group (NYSE:MKL) last posted its 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 firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Equities research analysts anticipate that Markel Group Inc. will post 91.55 EPS for the current year.

Analysts Set New Price Targets

MKL has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday. Royal Bank of Canada dropped 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 report on Friday. Jefferies Financial Group increased their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, TD Cowen initiated coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.