Mediolanum International Funds Ltd Purchases 4,106 Shares of Markel Group Inc. (NYSE:MKL)

Mediolanum International Funds Ltd boosted its position in Markel Group Inc. (NYSE:MKL) by 175.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,452 shares of the insurance provider’s stock after acquiring an additional 4,106 shares during the period. Mediolanum International Funds Ltd’s holdings in Markel Group were worth $11,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Markel Group in the third quarter worth about $31,000. Toth Financial Advisory Corp grew its position in shares of Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Markel Group during the third quarter valued at approximately $36,000. Global Trust Asset Management LLC bought a new position in shares of Markel Group during the fourth quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Markel Group in the third quarter worth $42,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of several research reports. Jefferies Financial Group upped 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. Royal Bank of Canada lowered their price objective on shares of 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. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Price Performance

MKL stock opened at $1,829.52 on Friday. 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 has a 50 day moving average price of $1,751.84 and a 200-day moving average price of $1,640.90. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,842.48. The firm has a market capitalization of $23.53 billion, a price-to-earnings ratio of 8.44 and a beta of 0.78.

Markel Group (NYSE:MKL) last announced its quarterly earnings data 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). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Equities research analysts forecast that Markel Group Inc. will post 86.92 EPS 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.