Vinva Investment Management Ltd Buys 72 Shares of Markel Group Inc. (NYSE:MKL)

Vinva Investment Management Ltd boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 15.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 531 shares of the insurance provider’s stock after purchasing an additional 72 shares during the quarter. Vinva Investment Management Ltd’s holdings in Markel Group were worth $833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Blueshift Asset Management LLC bought a new position in shares of Markel Group in the third quarter worth about $475,000. Townsquare Capital LLC boosted its stake in Markel Group by 3.4% during the 3rd quarter. Townsquare Capital LLC now owns 3,071 shares of the insurance provider’s stock valued at $4,816,000 after purchasing an additional 101 shares during the period. Brooklyn Investment Group acquired a new stake in Markel Group in the 3rd quarter valued at approximately $31,000. Bank of Montreal Can increased its position in Markel Group by 1.8% in the 3rd quarter. Bank of Montreal Can now owns 3,697 shares of the insurance provider’s stock worth $5,801,000 after buying an additional 66 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Markel Group by 82.6% during the third quarter. Brown Brothers Harriman & Co. now owns 126 shares of the insurance provider’s stock worth $198,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,782.92 on Friday. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve 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 stock has a market cap of $22.93 billion, a P/E ratio of 8.22 and a beta of 0.73. The company’s 50-day simple moving average is $1,617.95 and its 200 day simple moving average is $1,591.31.

Markel Group (NYSE:MKL) last released its quarterly earnings data 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 company had revenue of $3.69 billion during 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%. As a group, research analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group lifted their target price on 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, 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 on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.