Markel Group Inc. (NYSE:MKL) Shares Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,008 shares of the insurance provider’s stock after purchasing an additional 143 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Markel Group were worth $3,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after acquiring an additional 558 shares in the last quarter. Solitude Financial Services acquired a new position in Markel Group in the 2nd quarter valued at about $1,182,000. Sei Investments Co. grew its position in Markel Group by 41.7% in the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Markel Group by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after acquiring an additional 359 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in Markel Group by 89.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider’s stock valued at $1,270,000 after acquiring an additional 395 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MKL has been the subject of several research reports. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group lifted their price objective 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. Citigroup lifted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada decreased 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Stock Performance

Shares of MKL opened at $1,650.74 on Monday. The stock has a 50-day simple moving average of $1,569.99 and a 200-day simple moving average of $1,573.63. 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 capitalization of $21.23 billion, a PE ratio of 7.61 and a beta of 0.73. Markel Group Inc. has a 1 year low of $1,325.00 and a 1 year high of $1,675.51.

Markel Group (NYSE:MKL) last posted its earnings results 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 for 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%. On average, analysts predict that Markel Group Inc. will post 89.27 earnings per share 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.