Centaurus Financial Inc. Raises Holdings in Markel Group Inc. (NYSE:MKL)

Centaurus Financial Inc. lifted its stake in Markel Group Inc. (NYSE:MKL) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 2,276 shares of the insurance provider’s stock after acquiring an additional 13 shares during the quarter. Centaurus Financial Inc.’s holdings in Markel Group were worth $3,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Davis Selected Advisers lifted its position in shares of Markel Group by 0.3% in the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after acquiring an additional 970 shares in the last quarter. Boston Partners boosted its holdings in Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after purchasing an additional 57,528 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Markel Group by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after buying an additional 5,310 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Markel Group by 15.4% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after buying an additional 11,357 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Markel Group by 2.4% during the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after purchasing an additional 1,689 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada dropped their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,651.83.

Markel Group Price Performance

MKL stock opened at $1,750.00 on Friday. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,751.35. 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 stock’s 50 day moving average price is $1,597.58 and its 200 day moving average price is $1,586.58. The firm has a market cap of $22.51 billion, a P/E ratio of 8.07 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion for 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, sell-side analysts expect that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

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.