Gold Investment Management Ltd. Has $1.91 Million Position in Markel Group Inc. (NYSE:MKL)

Gold Investment Management Ltd. increased its position in shares of Markel Group Inc. (NYSE:MKL) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,219 shares of the insurance provider’s stock after purchasing an additional 7 shares during the period. Gold Investment Management Ltd.’s holdings in Markel Group were worth $1,912,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup upped their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada cut 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. Finally, Jefferies Financial Group upped 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and an average target price of $1,651.83.

Markel Group Price Performance

NYSE:MKL traded up $18.85 on Friday, reaching $1,654.99. 2,183 shares of the company’s stock traded hands, compared to its average volume of 42,629. The firm has a market cap of $21.28 billion, a PE ratio of 7.55 and a beta of 0.73. Markel Group Inc. has a 12 month low of $1,325.00 and a 12 month high of $1,670.24. 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 50-day simple moving average of $1,569.03 and a 200-day simple moving average of $1,571.76.

Markel Group (NYSE:MKL) last released its quarterly earnings results 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 for 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%. Equities research analysts forecast that Markel Group Inc. will post 89.27 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.