Raymond James Trust N.A. Purchases 104 Shares of Markel Group Inc. (NYSE:MKL)

Raymond James Trust N.A. lifted its position in Markel Group Inc. (NYSE:MKL) by 23.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 557 shares of the insurance provider’s stock after buying an additional 104 shares during the period. Raymond James Trust N.A.’s holdings in Markel Group were worth $874,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Gold Investment Management Ltd. increased its position 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 valued at $1,912,000 after buying an additional 7 shares in the last quarter. Epic Trust Investment Advisors LLC increased its position in shares of Markel Group by 4.6% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after buying an additional 8 shares in the last quarter. Freedom Day Solutions LLC increased its position in shares of Markel Group by 0.5% in the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock valued at $2,326,000 after buying an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC increased its position 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 buying an additional 8 shares in the last quarter. Finally, Financial Advocates Investment Management increased its position 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 valued at $406,000 after buying an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 1.8 %

Markel Group stock opened at $1,750.00 on Monday. The firm has a 50-day moving average of $1,597.58 and a 200-day moving average of $1,586.38. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,751.35. 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 company has a market cap of $22.51 billion, a price-to-earnings ratio of 8.07 and a beta of 0.73.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS 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 analyst estimates of $3.74 billion. On average, equities analysts expect that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on MKL shares. Royal Bank of Canada lowered their price objective 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, November 1st. Jefferies Financial Group upped their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock 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 research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Markel Group currently has an average 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.