Markel Group Inc. (NYSE:MKL) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 819 shares of the insurance provider’s stock after acquiring an additional 105 shares during the quarter. Inspire Investing LLC’s holdings in Markel Group were worth $1,414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empirical Asset Management LLC acquired a new stake in shares of Markel Group during the fourth quarter worth about $54,173,000. Caisse DE Depot ET Placement DU Quebec increased its position in Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after buying an additional 14,507 shares during the period. Assenagon Asset Management S.A. lifted its stake in Markel Group by 167.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock valued at $38,687,000 after buying an additional 14,022 shares during the last quarter. State Street Corp boosted its holdings in shares of Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after acquiring an additional 13,372 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after acquiring an additional 10,973 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Down 0.1 %

MKL stock opened at $1,808.24 on Friday. The stock has a market capitalization of $23.25 billion, a PE ratio of 8.34 and a beta of 0.78. The company has a fifty day moving average of $1,736.21 and a 200-day moving average of $1,629.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,815.57.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. As a group, analysts expect that Markel Group Inc. will post 86.92 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada dropped their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,626.83.

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.