Stifel Financial Corp Buys 38 Shares of Markel Group Inc. (NYSE:MKL)

Stifel Financial Corp increased its stake in Markel Group Inc. (NYSE:MKL) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,567 shares of the insurance provider’s stock after purchasing an additional 38 shares during the quarter. Stifel Financial Corp’s holdings in Markel Group were worth $7,164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Systematic Financial Management LP raised its holdings in Markel Group by 26.2% during the 3rd quarter. Systematic Financial Management LP now owns 2,699 shares of the insurance provider’s stock worth $4,234,000 after buying an additional 560 shares during the period. Quarry LP boosted its position in Markel Group by 3,000.0% during the third quarter. Quarry LP now owns 31 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 30 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of Markel Group by 2.2% during the third quarter. Royal London Asset Management Ltd. now owns 5,205 shares of the insurance provider’s stock worth $8,164,000 after buying an additional 114 shares during the last quarter. Redwood Investment Management LLC raised its stake in shares of Markel Group by 4.1% in the third quarter. Redwood Investment Management LLC now owns 921 shares of the insurance provider’s stock valued at $1,445,000 after purchasing an additional 36 shares in the last quarter. Finally, Prana Capital Management LP raised its stake in Markel Group by 513.9% during the third quarter. Prana Capital Management LP now owns 4,991 shares of the insurance provider’s stock worth $7,829,000 after acquiring an additional 4,178 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada decreased their price target on 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. Jefferies Financial Group raised 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. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Trading Down 0.3 %

Shares of MKL stock opened at $1,737.07 on Friday. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $1,651.42 and a two-hundred day moving average price of $1,598.82. The firm has a market cap of $22.34 billion, a P/E ratio of 8.01 and a beta of 0.77.

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 analysts’ consensus estimates of $21.97 by ($4.63). The firm 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%. Equities analysts anticipate that Markel Group Inc. will post 86.73 EPS 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.