Victory Capital Management Inc. Purchases 300 Shares of Markel Group Inc. (NYSE:MKL)

Victory Capital Management Inc. lifted its stake in Markel Group Inc. (NYSE:MKL) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,845 shares of the insurance provider’s stock after acquiring an additional 300 shares during the period. Victory Capital Management Inc.’s holdings in Markel Group were worth $9,168,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Boston Partners raised its position in shares of Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after buying an additional 57,528 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Markel Group by 15.4% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after acquiring an additional 11,357 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Markel Group by 156,757.1% during the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the period. Marshall Wace LLP purchased a new position in Markel Group during the 2nd quarter valued at about $15,596,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in Markel Group by 52.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider’s stock valued at $35,202,000 after purchasing an additional 7,659 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Up 1.4 %

Shares of Markel Group stock opened at $1,718.45 on Friday. The firm has a market cap of $22.10 billion, a price-to-earnings ratio of 7.81 and a beta of 0.73. The business has a 50-day moving average price of $1,590.22 and a 200-day moving average price of $1,584.56. The company has a quick ratio of 0.60, a current 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 $1,733.58.

Markel Group (NYSE:MKL) last announced its quarterly earnings results 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 business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Equities research analysts anticipate that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank of Canada reduced their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group upped their price objective 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. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. 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. Based on data from MarketBeat, Markel Group has an average rating of “Hold” and an average 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.