Geode Capital Management LLC Raises Stock Holdings in Markel Group Inc. (NYSE:MKL)

Geode Capital Management LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,054 shares of the insurance provider’s stock after purchasing an additional 10,254 shares during the quarter. Geode Capital Management LLC owned about 1.63% of Markel Group worth $327,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Markel Group in the 3rd quarter valued at about $31,000. Toth Financial Advisory Corp lifted its position in Markel Group by 1,000.0% during the third 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 during the last quarter. Larson Financial Group LLC acquired a new stake in Markel Group in the third quarter valued at approximately $36,000. UMB Bank n.a. grew its holdings in Markel Group by 833.3% in the third 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Markel Group during the second quarter worth $45,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MKL. Royal Bank of Canada lowered 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 research report on Friday, November 1st. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Jefferies Financial Group lifted 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. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Stock Down 0.3 %

Shares of MKL stock opened at $1,737.07 on Friday. 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 capitalization of $22.34 billion, a PE ratio of 8.01 and a beta of 0.77. 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 stock’s 50-day simple moving average is $1,651.42 and its 200-day simple moving average is $1,598.82.

Markel Group (NYSE:MKL) last posted its quarterly earnings results 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). The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Equities analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current year.

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.