Evergreen Wealth Management LLC Acquires 55 Shares of Markel Group Inc. (NYSE:MKL)

Evergreen Wealth Management LLC grew its stake in Markel Group Inc. (NYSE:MKL) by 1.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,183 shares of the insurance provider’s stock after buying an additional 55 shares during the quarter. Markel Group makes up approximately 3.3% of Evergreen Wealth Management LLC’s portfolio, making the stock its 8th largest holding. Evergreen Wealth Management LLC’s holdings in Markel Group were worth $4,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in MKL. Morgan Stanley raised its position in shares of Markel Group by 3.2% during the third quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock valued at $793,979,000 after buying an additional 16,597 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Markel Group by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock valued at $183,935,000 after purchasing an additional 3,476 shares during the period. Scharf Investments LLC raised its stake in Markel Group by 4.0% during the fourth quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider’s stock worth $180,214,000 after acquiring an additional 4,933 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Markel Group by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 94,781 shares of the insurance provider’s stock valued at $139,564,000 after purchasing an additional 2,736 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Markel Group by 2.2% in the 3rd quarter. Northern Trust Corp now owns 88,501 shares of the insurance provider’s stock worth $130,317,000 after purchasing an additional 1,929 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.3 %

Shares of Markel Group stock traded up $4.51 during trading on Friday, hitting $1,581.06. 53,246 shares of the company were exchanged, compared to its average volume of 45,557. The firm has a market capitalization of $20.55 billion, a P/E ratio of 8.54 and a beta of 0.69. The firm’s fifty day moving average price is $1,488.09 and its 200 day moving average price is $1,445.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.62. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,588.31.

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

Analyst Ratings Changes

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

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.