Markel Group Inc. (NYSE:MKL) is Seneca House Advisors’ 5th Largest Position

Seneca House Advisors lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,253 shares of the insurance provider’s stock after acquiring an additional 157 shares during the quarter. Markel Group accounts for approximately 4.3% of Seneca House Advisors’ investment portfolio, making the stock its 5th biggest holding. Seneca House Advisors’ holdings in Markel Group were worth $10,793,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. SpiderRock Advisors LLC boosted its position in shares of Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after purchasing an additional 315 shares during the period. Versor Investments LP boosted its holdings in Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after acquiring an additional 160 shares during the period. Fiduciary Alliance LLC lifted its position in shares of Markel Group by 25.2% during the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after purchasing an additional 379 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Markel Group in the second quarter valued at approximately $2,803,000. Finally, Franklin Resources Inc. increased its stake in Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after buying an additional 527 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

Shares of MKL opened at $1,808.24 on Friday. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,815.57. The stock has a market capitalization of $23.25 billion, a P/E ratio of 8.34 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 company’s fifty day moving average is $1,736.21 and its two-hundred day moving average is $1,629.25.

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 the consensus estimate 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 analysts’ expectations of $3.74 billion. On average, sell-side analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MKL shares. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. 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 report on Wednesday, October 9th. Royal Bank of Canada decreased their target price 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, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s 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 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.