JPMorgan Chase & Co. Has $39.07 Million Holdings in Markel Group Inc. (NYSE:MKL)

JPMorgan Chase & Co. boosted its position in Markel Group Inc. (NYSE:MKL) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,906 shares of the insurance provider’s stock after purchasing an additional 5,595 shares during the period. JPMorgan Chase & Co. owned 0.19% of Markel Group worth $39,067,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MKL. Oddo BHF Asset Management Sas bought a new stake in shares of Markel Group in the 3rd quarter valued at $3,125,000. Franklin Resources Inc. increased its stake in Markel Group by 10.4% in the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after purchasing an additional 527 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Markel Group by 20.7% during the 3rd quarter. Synovus Financial Corp now owns 432 shares of the insurance provider’s stock worth $678,000 after purchasing an additional 74 shares in the last quarter. Blankinship & Foster LLC acquired a new stake in shares of Markel Group in the 3rd quarter valued at about $643,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Markel Group in the 3rd quarter valued at about $42,000. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. 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 for the company in a research note on Friday, November 1st. Jefferies Financial Group raised their price objective on shares of 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. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,713.08 on Monday. 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 firm has a 50-day moving average of $1,700.93 and a 200-day moving average of $1,614.15. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,809.11. The company has a market cap of $22.03 billion, a P/E ratio of 7.90 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 for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion during 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%. Equities research analysts forecast that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

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.