Studio Investment Management LLC Boosts Position in Markel Group Inc. (NYSE:MKL)

Studio Investment Management LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196 shares of the insurance provider’s stock after buying an additional 17 shares during the quarter. Studio Investment Management LLC’s holdings in Markel Group were worth $307,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Gold Investment Management Ltd. increased its holdings in Markel Group by 0.6% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after acquiring an additional 7 shares during the period. Epic Trust Investment Advisors LLC increased its holdings in shares of Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 8 shares during the period. Freedom Day Solutions LLC increased its holdings in shares of Markel Group by 0.5% in the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC raised its position in shares of Markel Group by 1.1% in the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after buying an additional 8 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after buying an additional 8 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,750.00 on Friday. The firm has a market capitalization of $22.51 billion, a PE ratio of 8.07 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,751.35. The business’s 50-day moving average price is $1,593.75 and its 200-day moving average price is $1,585.49.

Markel Group (NYSE:MKL) last issued its quarterly 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). 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%. Sell-side analysts forecast that Markel Group Inc. will post 88.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank of Canada decreased their target price on 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. Jefferies Financial Group upped 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 research report on Wednesday, October 9th. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,651.83.

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.