Aigen Investment Management LP Purchases 222 Shares of Markel Group Inc. (NYSE:MKL)

Aigen Investment Management LP raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 76.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 513 shares of the insurance provider’s stock after acquiring an additional 222 shares during the quarter. Aigen Investment Management LP’s holdings in Markel Group were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after buying an additional 558 shares in the last quarter. Solitude Financial Services purchased a new position in Markel Group in the second quarter valued at about $1,182,000. Sei Investments Co. boosted its stake in Markel Group by 41.7% in the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after purchasing an additional 359 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Markel Group by 19.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 4,486 shares of the insurance provider’s stock worth $7,068,000 after purchasing an additional 740 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Up 0.2 %

Shares of MKL opened at $1,654.51 on Wednesday. The stock has a 50 day moving average price of $1,571.01 and a 200 day moving average price of $1,575.84. Markel Group Inc. has a one year low of $1,339.72 and a one year high of $1,676.56. 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 has a market capitalization of $21.28 billion, a price-to-earnings ratio of 7.63 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its 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). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Equities research analysts forecast that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of a number of research analyst reports. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Citigroup raised their target price 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. Jefferies Financial Group increased their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada lowered 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus price target of $1,651.83.

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.