Markel Group Inc. (NYSE:MKL) Position Increased by Empowered Funds LLC

Empowered Funds LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 44.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 249 shares of the insurance provider’s stock after purchasing an additional 77 shares during the period. Empowered Funds LLC’s holdings in Markel Group were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp boosted its stake in Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Markel Group during the second quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Markel Group in the second quarter valued at $55,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Markel Group during the 2nd quarter worth approximately $65,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MKL has been the topic of several analyst reports. Jefferies Financial Group increased their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada cut their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,651.83.

Markel Group Stock Up 1.8 %

Shares of NYSE MKL opened at $1,750.00 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $1,597.58 and its 200 day moving average is $1,586.38. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 8.07 and a beta of 0.73. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,751.35.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. On average, equities research analysts expect that Markel Group Inc. will post 88.52 earnings per share for the current 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.