Markel Group Inc. (NYSE:MKL) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in Markel Group Inc. (NYSE:MKL) by 9.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,143 shares of the insurance provider’s stock after purchasing an additional 192 shares during the period. Sanctuary Advisors LLC’s holdings in Markel Group were worth $3,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MKL. Blue Trust Inc. grew its stake in Markel Group by 395.5% in the second quarter. Blue Trust Inc. now owns 109 shares of the insurance provider’s stock worth $166,000 after purchasing an additional 87 shares in the last quarter. Raymond James & Associates grew its stake in Markel Group by 3.6% in the second quarter. Raymond James & Associates now owns 28,334 shares of the insurance provider’s stock worth $44,645,000 after purchasing an additional 991 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Markel Group by 10.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,663 shares of the insurance provider’s stock worth $38,860,000 after purchasing an additional 2,398 shares in the last quarter. Dakota Wealth Management grew its stake in Markel Group by 14.6% in the second quarter. Dakota Wealth Management now owns 236 shares of the insurance provider’s stock worth $372,000 after purchasing an additional 30 shares in the last quarter. Finally, Lecap Asset Management Ltd. grew its stake in Markel Group by 201.7% in the second quarter. Lecap Asset Management Ltd. now owns 872 shares of the insurance provider’s stock worth $1,374,000 after purchasing an additional 583 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on MKL shares. Jefferies Financial Group lifted their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Royal Bank of Canada decreased their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

MKL opened at $1,727.51 on Tuesday. The business’s 50 day moving average is $1,654.10 and its 200-day moving average is $1,599.61. The stock has a market cap of $22.22 billion, a PE ratio of 7.96 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11.

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 business had revenue of $3.69 billion for 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%. On average, analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current year.

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.