Allen Mooney & Barnes Investment Advisors LLC Has $383,000 Holdings in Markel Group Inc. (NYSE:MKL)

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in Markel Group Inc. (NYSE:MKL) by 18.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 222 shares of the insurance provider’s stock after selling 50 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Markel Group were worth $383,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MKL. Crestmont Private Wealth LLC boosted its position in shares of Markel Group by 4.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 301 shares of the insurance provider’s stock worth $520,000 after acquiring an additional 14 shares in the last quarter. Marcum Wealth LLC increased its position in Markel Group by 7.9% during the 4th quarter. Marcum Wealth LLC now owns 191 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 14 shares in the last quarter. Parisi Gray Wealth Management lifted its stake in shares of Markel Group by 2.0% in the 4th quarter. Parisi Gray Wealth Management now owns 601 shares of the insurance provider’s stock valued at $1,038,000 after acquiring an additional 12 shares during the last quarter. Fiduciary Alliance LLC raised its position in Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after purchasing an additional 379 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its position in Markel Group by 7.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 264 shares of the insurance provider’s stock worth $456,000 after buying an additional 18 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target 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 raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada cut their price target on shares of 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,721.01 on Wednesday. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The stock has a fifty day moving average of $1,720.71 and a 200-day moving average of $1,620.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $22.14 billion, a PE ratio of 7.94 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 (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate 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.