Allworth Financial LP Buys 46 Shares of Markel Group Inc. $MKL

Allworth Financial LP raised its stake in Markel Group Inc. (NYSE:MKL) by 38.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 166 shares of the insurance provider’s stock after purchasing an additional 46 shares during the quarter. Allworth Financial LP’s holdings in Markel Group were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MKL. Brighton Jones LLC bought a new position in Markel Group in the fourth quarter worth about $236,000. CWM LLC raised its holdings in Markel Group by 22.5% in the 1st quarter. CWM LLC now owns 386 shares of the insurance provider’s stock worth $722,000 after acquiring an additional 71 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Markel Group by 104.8% during the first quarter. Larson Financial Group LLC now owns 43 shares of the insurance provider’s stock valued at $80,000 after buying an additional 22 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Markel Group by 32.6% in the first quarter. Private Advisor Group LLC now owns 557 shares of the insurance provider’s stock worth $1,041,000 after acquiring an additional 137 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Markel Group by 13.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 358 shares of the insurance provider’s stock valued at $669,000 after buying an additional 43 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MKL. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1,930.50.

Markel Group Stock Down 1.0%

NYSE:MKL opened at $2,060.41 on Monday. The company has a market cap of $25.98 billion, a price-to-earnings ratio of 12.90 and a beta of 0.77. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,109.91. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $1,942.11 and a 200-day simple moving average of $1,946.53.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, topping the consensus estimate of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current 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.