Inspire Investing LLC Grows Position in Markel Group Inc. (NYSE:MKL)

Inspire Investing LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 819 shares of the insurance provider’s stock after purchasing an additional 105 shares during the quarter. Inspire Investing LLC’s holdings in Markel Group were worth $1,414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Markel Group during the fourth quarter worth $810,000. Global Trust Asset Management LLC purchased a new stake in shares of Markel Group in the 4th quarter valued at $41,000. Genesis Private Wealth LLC acquired a new position in Markel Group during the 4th quarter worth about $288,000. Atomi Financial Group Inc. boosted its holdings in Markel Group by 33.7% during the 4th quarter. Atomi Financial Group Inc. now owns 365 shares of the insurance provider’s stock valued at $630,000 after acquiring an additional 92 shares during the period. Finally, Clear Harbor Asset Management LLC grew its position in Markel Group by 1.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,981 shares of the insurance provider’s stock valued at $6,872,000 after acquiring an additional 62 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Down 0.1 %

NYSE MKL opened at $1,808.24 on Friday. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,815.57. The firm has a 50 day moving average of $1,736.21 and a two-hundred day moving average of $1,629.25. 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 stock has a market capitalization of $23.25 billion, a PE ratio of 8.34 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its 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 firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. As a group, research analysts expect that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MKL. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. Royal Bank of Canada reduced their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group boosted their price target 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. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,626.83.

About Markel Group

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.