Centaurus Financial Inc. Purchases 13 Shares of Markel Group Inc. (NYSE:MKL)

Centaurus Financial Inc. increased its position in Markel Group Inc. (NYSE:MKL) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,276 shares of the insurance provider’s stock after purchasing an additional 13 shares during the period. Centaurus Financial Inc.’s holdings in Markel Group were worth $3,570,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MKL. Toth Financial Advisory Corp lifted its stake 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 valued at $35,000 after acquiring an additional 20 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of Markel Group during the 3rd quarter worth $36,000. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Markel Group during the 2nd quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Markel Group during the 2nd quarter worth $55,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Up 1.8 %

Shares of MKL opened at $1,750.00 on Friday. The business’s 50 day moving average is $1,597.58 and its 200 day moving average is $1,586.58. The company has a market capitalization of $22.51 billion, a PE ratio of 8.07 and a beta of 0.73. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,751.35. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last released 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). 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 the consensus estimate of $3.74 billion. Research analysts expect that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MKL shares. Jefferies Financial Group lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada cut their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Company 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.