TD Private Client Wealth LLC Grows Position in Markel Group Inc. (NYSE:MKL)

TD Private Client Wealth LLC raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 10.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 835 shares of the insurance provider’s stock after purchasing an additional 80 shares during the quarter. TD Private Client Wealth LLC’s holdings in Markel Group were worth $1,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Swedbank AB lifted its holdings in shares of Markel Group by 19.4% in the second quarter. Swedbank AB now owns 1,932 shares of the insurance provider’s stock worth $3,044,000 after buying an additional 314 shares in the last quarter. Fiduciary Financial Group LLC purchased a new stake in shares of Markel Group in the second quarter worth about $333,000. Assenagon Asset Management S.A. lifted its holdings in shares of Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after buying an additional 558 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in shares of Markel Group by 5.3% in the second quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider’s stock worth $312,000 after buying an additional 10 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Markel Group by 395.5% in the second quarter. Blue Trust Inc. now owns 109 shares of the insurance provider’s stock worth $166,000 after buying an additional 87 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of 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 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. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Down 0.8 %

Shares of MKL opened at $1,742.77 on Friday. The firm has a market cap of $22.41 billion, a P/E ratio of 8.04 and a beta of 0.77. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,809.11. The stock has a 50 day simple moving average of $1,651.42 and a two-hundred day simple moving average of $1,598.82. 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 (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

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.