Seizert Capital Partners LLC Acquires 12 Shares of Markel Group Inc. (NYSE:MKL)

Seizert Capital Partners LLC raised its holdings in Markel Group Inc. (NYSE:MKL) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,285 shares of the insurance provider’s stock after acquiring an additional 12 shares during the quarter. Seizert Capital Partners LLC’s holdings in Markel Group were worth $17,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in Markel Group by 6.0% in the 2nd 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 during the period. Solitude Financial Services purchased a new position in shares of Markel Group during the second quarter worth approximately $1,182,000. SpiderRock Advisors LLC raised its stake in shares of Markel Group by 199.4% during the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 315 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of 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 purchasing an additional 1,268 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MKL shares. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group raised their target price on shares of 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. Finally, Royal Bank of Canada lowered their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $1,651.83.

Markel Group Price Performance

Shares of MKL stock opened at $1,707.64 on Friday. The stock’s 50-day moving average is $1,581.08 and its 200 day moving average is $1,580.65. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,733.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $21.96 billion, a P/E ratio of 7.88 and a beta of 0.73.

Markel Group (NYSE:MKL) last released 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 firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Research analysts predict that Markel Group Inc. will post 89.27 earnings per share for the current fiscal 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.