Markel Group Inc. (NYSE:MKL) Shares Purchased by Seneca House Advisors

Seneca House Advisors boosted its position in shares of Markel Group Inc. (NYSE:MKL) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 6,253 shares of the insurance provider’s stock after buying an additional 157 shares during the quarter. Markel Group comprises approximately 4.3% of Seneca House Advisors’ holdings, making the stock its 5th biggest position. Seneca House Advisors’ holdings in Markel Group were worth $10,793,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Gold Investment Management Ltd. raised its position in Markel Group by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after acquiring an additional 7 shares during the last quarter. Freedom Day Solutions LLC increased its stake in shares of Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after purchasing an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in Markel Group by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after buying an additional 8 shares in the last quarter. Financial Advocates Investment Management grew its holdings in Markel Group by 3.2% during the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after buying an additional 8 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Markel Group by 3.0% during the third quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider’s stock worth $538,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.1 %

Shares of NYSE MKL opened at $1,808.24 on Friday. 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 1 year low of $1,342.66 and a 1 year high of $1,815.57. The stock’s 50-day simple moving average is $1,736.21 and its 200-day simple moving average is $1,629.25. The firm has a market cap of $23.25 billion, a price-to-earnings ratio of 8.34 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MKL shares. Royal Bank of Canada reduced their price objective 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. Jefferies Financial Group raised their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,626.83.

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.