EP Wealth Advisors LLC Has $271,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

EP Wealth Advisors LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 12.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 173 shares of the insurance provider’s stock after purchasing an additional 19 shares during the quarter. EP Wealth Advisors LLC’s holdings in Markel Group were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in Markel Group by 6.0% during 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 during the last quarter. Solitude Financial Services bought a new stake in Markel Group during the 2nd quarter worth approximately $1,182,000. SpiderRock Advisors LLC increased its holdings in Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 315 shares in the last quarter. Versor Investments LP increased its holdings in Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 160 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Markel Group in the 2nd quarter valued at $2,803,000. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

Shares of MKL stock opened at $1,737.07 on Friday. 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 $1,342.66 and a 12 month high of $1,809.11. The firm has a market cap of $22.34 billion, a price-to-earnings ratio of 8.01 and a beta of 0.77. The stock has a 50-day moving average price of $1,651.42 and a 200 day moving average price of $1,598.82.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Research analysts expect that Markel Group Inc. will post 86.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada lowered their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,626.83.

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.