Check Capital Management Inc. CA Raises Position in Markel Group Inc. (NYSE:MKL)

Check Capital Management Inc. CA increased its position in Markel Group Inc. (NYSE:MKL) by 0.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,353 shares of the insurance provider’s stock after buying an additional 15 shares during the period. Markel Group accounts for about 3.7% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 4th biggest position. Check Capital Management Inc. CA’s holdings in Markel Group were worth $121,335,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Boston Partners raised its position in shares of Markel Group by 36.7% during the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after buying an additional 57,528 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its stake in Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after acquiring an additional 11,357 shares during the last quarter. International Assets Investment Management LLC raised its position in Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the period. Marshall Wace LLP purchased a new position in shares of Markel Group in the 2nd quarter worth approximately $15,596,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Markel Group by 52.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider’s stock valued at $35,202,000 after purchasing an additional 7,659 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of a number of analyst reports. Citigroup raised their price target on 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 reduced their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group increased their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Stock Up 3.5 %

Shares of NYSE MKL opened at $1,714.08 on Friday. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,718.69. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 7.91 and a beta of 0.73. The stock has a 50 day moving average price of $1,574.49 and a 200 day moving average price of $1,577.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last posted its quarterly earnings results 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 firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Sell-side analysts expect that Markel Group Inc. will post 89.27 earnings per share for the current 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.