Solitude Financial Services Has $1.69 Million Position in Markel Group Inc. (NYSE:MKL)

Solitude Financial Services grew its position in Markel Group Inc. (NYSE:MKL) by 43.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,075 shares of the insurance provider’s stock after buying an additional 325 shares during the quarter. Markel Group accounts for about 0.7% of Solitude Financial Services’ portfolio, making the stock its 15th largest holding. Solitude Financial Services’ holdings in Markel Group were worth $1,686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKL. QRG Capital Management Inc. grew its holdings in shares of Markel Group by 5.9% during the 3rd quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider’s stock valued at $422,000 after purchasing an additional 15 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Markel Group by 8.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 5,084 shares of the insurance provider’s stock valued at $7,975,000 after purchasing an additional 404 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Markel Group by 134.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,192 shares of the insurance provider’s stock valued at $1,870,000 after purchasing an additional 683 shares during the last quarter. Argonautica Private Wealth Management Inc. bought a new stake in shares of Markel Group during the 3rd quarter valued at approximately $369,000. Finally, Values Added Financial LLC bought a new stake in shares of Markel Group during the 3rd quarter valued at approximately $946,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MKL has been the topic of several research reports. Jefferies Financial Group lifted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday. TD Cowen started coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. Citigroup upped their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada lowered their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Price Performance

MKL opened at $1,550.53 on Tuesday. The firm has a market cap of $19.94 billion, a P/E ratio of 7.15 and a beta of 0.73. 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 of $1,566.95 and a 200 day moving average of $1,570.04. Markel Group Inc. has a fifty-two week low of $1,317.00 and a fifty-two week high of $1,670.24.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, research analysts expect that Markel Group Inc. will post 91.55 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.