Royal Fund Management LLC Increases Stock Position in Markel Group Inc. (NYSE:MKL)

Royal Fund Management LLC increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 100.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,020 shares of the insurance provider’s stock after buying an additional 510 shares during the period. Royal Fund Management LLC’s holdings in Markel Group were worth $1,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after buying an additional 13,372 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after acquiring an additional 10,254 shares during the period. Jennison Associates LLC boosted its position in 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 purchasing an additional 1,689 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after purchasing an additional 766 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Markel Group by 0.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock valued at $72,490,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MKL shares. Jefferies Financial Group raised their price objective on shares of 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 raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada cut their price target 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Up 0.4 %

MKL opened at $1,776.14 on Tuesday. The stock has a market cap of $22.84 billion, a price-to-earnings ratio of 8.19 and a beta of 0.78. 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 firm’s fifty day moving average is $1,730.43 and its 200 day moving average is $1,626.19. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, sell-side analysts forecast that Markel Group Inc. will post 86.92 earnings per share for the current fiscal 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.