International Assets Investment Management LLC Purchases New Stake in Markel Group Inc. (NYSE:MKL)

International Assets Investment Management LLC purchased a new position in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,779 shares of the insurance provider’s stock, valued at approximately $18,145,000.

A number of other hedge funds have also recently modified their holdings of the company. Pinnacle Associates Ltd. grew its stake in shares of Markel Group by 7.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after purchasing an additional 1,167 shares during the last quarter. Chicago Capital LLC purchased a new position in shares of Markel Group during the fourth quarter valued at approximately $3,313,000. Scharf Investments LLC raised its holdings in shares of Markel Group by 4.0% during the fourth quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider’s stock valued at $180,214,000 after acquiring an additional 4,933 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Markel Group in the third quarter worth $1,313,000. Finally, First National Advisers LLC lifted its stake in Markel Group by 347.8% in the third quarter. First National Advisers LLC now owns 900 shares of the insurance provider’s stock worth $1,325,000 after acquiring an additional 699 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.3 %

Shares of NYSE MKL opened at $1,581.06 on Friday. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,588.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.62. The firm has a 50-day moving average of $1,488.09 and a 200 day moving average of $1,445.11. The stock has a market cap of $20.55 billion, a P/E ratio of 8.54 and a beta of 0.69.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, beating analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.75 billion. As a group, sell-side analysts expect that Markel Group Inc. will post 80.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on MKL shares. Truist Financial boosted their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday. Janney Montgomery Scott reissued a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. Royal Bank of Canada lifted their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,520.00.

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.