Inlet Private Wealth LLC Increases Stock Position in Markel Group Inc. (NYSE:MKL)

Inlet Private Wealth LLC raised its stake in Markel Group Inc. (NYSE:MKL) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251 shares of the insurance provider’s stock after acquiring an additional 60 shares during the period. Inlet Private Wealth LLC’s holdings in Markel Group were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Alpha Omega Wealth Management LLC grew its stake in Markel Group by 0.5% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 3,357 shares of the insurance provider’s stock worth $5,795,000 after buying an additional 17 shares during the last quarter. Mediolanum International Funds Ltd boosted its holdings in shares of Markel Group by 175.0% in the fourth quarter. Mediolanum International Funds Ltd now owns 6,452 shares of the insurance provider’s stock valued at $11,104,000 after acquiring an additional 4,106 shares during the period. Gilbert & Cook Inc. grew its position in shares of Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock worth $739,000 after acquiring an additional 7 shares during the last quarter. Allen Capital Group LLC acquired a new position in shares of Markel Group in the 4th quarter valued at $307,000. Finally, Forsta AP Fonden increased its holdings in shares of Markel Group by 6.5% in the 4th quarter. Forsta AP Fonden now owns 1,960 shares of the insurance provider’s stock valued at $3,383,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

MKL has been the topic of several research reports. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada dropped their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,829.52 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $1,751.84 and a 200-day simple moving average of $1,641.11. The company has a market cap of $23.53 billion, a price-to-earnings ratio of 8.44 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,842.48.

Markel Group (NYSE:MKL) last released its 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 analyst estimates of $3.74 billion. On average, equities analysts forecast that Markel Group Inc. will post 86.92 EPS 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.