Markel Group Inc. (NYSE:MKL) Position Boosted by PYA Waltman Capital LLC

PYA Waltman Capital LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 4.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,879 shares of the insurance provider’s stock after purchasing an additional 420 shares during the quarter. Markel Group accounts for about 5.6% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 5th largest holding. PYA Waltman Capital LLC’s holdings in Markel Group were worth $17,064,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its position in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after acquiring an additional 13,372 shares in the last quarter. Davis Selected Advisers lifted its holdings in Markel Group by 0.3% in the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after buying an additional 970 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Markel Group by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after buying an additional 5,310 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after acquiring an additional 11,357 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Markel Group by 2.4% in the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after acquiring an additional 1,689 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

MKL opened at $1,756.77 on Monday. 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 company’s 50-day moving average price is $1,636.60 and its 200 day moving average price is $1,594.75. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The firm has a market cap of $22.59 billion, a price-to-earnings ratio of 8.10 and a beta of 0.77.

Markel Group (NYSE:MKL) last released 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). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. As a group, sell-side analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current year.

Analysts Set New Price Targets

MKL has been the topic of a number of recent analyst reports. 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. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Jefferies Financial Group boosted 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 report on Wednesday, October 9th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,626.83.

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.