Crestwood Advisors Group LLC Buys 828 Shares of Markel Group Inc. (NYSE:MKL)

Crestwood Advisors Group LLC increased its stake in Markel Group Inc. (NYSE:MKL) by 323.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,084 shares of the insurance provider’s stock after acquiring an additional 828 shares during the period. Crestwood Advisors Group LLC’s holdings in Markel Group were worth $1,700,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after purchasing an additional 558 shares during the last quarter. Solitude Financial Services bought a new stake in shares of Markel Group during the 2nd quarter valued at $1,182,000. Sei Investments Co. raised its position in shares of Markel Group by 41.7% during the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after acquiring an additional 359 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in shares of Markel Group by 89.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider’s stock valued at $1,270,000 after acquiring an additional 395 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Financial Group upped their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Citigroup boosted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Finally, TD Cowen assumed coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average target price of $1,651.83.

Markel Group Price Performance

Shares of MKL stock opened at $1,560.17 on Wednesday. The firm has a market capitalization of $20.06 billion, a price-to-earnings ratio of 7.20 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12-month low of $1,317.00 and a 12-month high of $1,670.24. The firm has a fifty day moving average of $1,566.69 and a 200-day moving average of $1,570.78.

Markel Group (NYSE:MKL) last announced 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 company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, equities research analysts forecast that Markel Group Inc. will post 91.55 earnings per share 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.