Markel Group Inc. (NYSE:MKL) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its stake in Markel Group Inc. (NYSE:MKL) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461 shares of the insurance provider’s stock after purchasing an additional 12 shares during the period. Perigon Wealth Management LLC’s holdings in Markel Group were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp lifted its stake in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after acquiring an additional 13,372 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after purchasing an additional 10,254 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Markel Group by 2.4% during the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after purchasing an additional 1,689 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Markel Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after buying an additional 766 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Markel Group by 0.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock valued at $72,490,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MKL. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group raised their price objective on shares of 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 lowered their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Up 1.6 %

MKL stock opened at $1,831.59 on Friday. The company has a market cap of $23.55 billion, a price-to-earnings ratio of 8.45 and a beta of 0.78. The company has a fifty day moving average price of $1,747.98 and a 200 day moving average price of $1,637.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. 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 announced 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 analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Sell-side analysts expect that Markel Group Inc. will post 86.92 earnings per share for the current year.

Markel Group Company 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.