WealthPlan Investment Management LLC Boosts Holdings in Markel Group Inc. (NYSE:MKL)

WealthPlan Investment Management LLC raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414 shares of the insurance provider’s stock after buying an additional 21 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Markel Group were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MKL. Toth Financial Advisory Corp lifted its position in shares of Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Markel Group during the 2nd quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Markel Group in the second quarter valued at $55,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Markel Group in the second quarter worth $65,000. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on MKL shares. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group boosted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lowered 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. Finally, Citigroup boosted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Trading Up 0.2 %

MKL opened at $1,654.51 on Wednesday. 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’s 50 day moving average price is $1,571.01 and its 200-day moving average price is $1,575.84. Markel Group Inc. has a one year low of $1,339.72 and a one year high of $1,676.56. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of 7.63 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $3.74 billion. On average, equities analysts forecast that Markel Group Inc. will post 89.27 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.