Markel Group Inc. (NYSE:MKL) is Ervin Investment Management LLC’s 9th Largest Position

Ervin Investment Management LLC lowered its position in Markel Group Inc. (NYSE:MKL) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,569 shares of the insurance provider’s stock after selling 83 shares during the quarter. Markel Group comprises 2.9% of Ervin Investment Management LLC’s investment portfolio, making the stock its 9th largest holding. Ervin Investment Management LLC’s holdings in Markel Group were worth $4,435,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MKL. Brooklyn Investment Group purchased a new position in Markel Group during the 3rd quarter valued at about $31,000. Toth Financial Advisory Corp grew its holdings in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Markel Group during the third quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group in the third quarter worth approximately $42,000. Finally, UMB Bank n.a. boosted its stake 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 buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL stock opened at $1,776.14 on Monday. The stock has a fifty day moving average of $1,727.94 and a 200 day moving average of $1,624.58. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11. The firm has a market capitalization of $22.84 billion, a price-to-earnings ratio of 8.19 and a beta of 0.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $3.74 billion. As a group, research analysts expect that Markel Group Inc. will post 86.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MKL has been the subject of several research reports. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada dropped 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 note on Friday, November 1st. Finally, Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,626.83.

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.