Marcum Wealth LLC Acquires 14 Shares of Markel Group Inc. (NYSE:MKL)

Marcum Wealth LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 7.9% during the 4th quarter, HoldingsChannel reports. The fund owned 191 shares of the insurance provider’s stock after purchasing an additional 14 shares during the period. Marcum Wealth LLC’s holdings in Markel Group were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Parisi Gray Wealth Management increased its position in shares of Markel Group by 2.0% during the 4th quarter. Parisi Gray Wealth Management now owns 601 shares of the insurance provider’s stock valued at $1,038,000 after purchasing an additional 12 shares during the last quarter. Fiduciary Alliance LLC raised its stake in shares of Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after acquiring an additional 379 shares during the period. Baker Tilly Wealth Management LLC lifted its holdings in shares of Markel Group by 7.3% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 264 shares of the insurance provider’s stock worth $456,000 after acquiring an additional 18 shares during the last quarter. Canandaigua National Trust Co of Florida purchased a new position in shares of Markel Group during the 4th quarter worth about $489,000. Finally, Pensionfund Sabic boosted its stake in shares of Markel Group by 46.2% during the 4th quarter. Pensionfund Sabic now owns 950 shares of the insurance provider’s stock worth $1,640,000 after purchasing an additional 300 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MKL has been the topic of a number of recent analyst reports. Jefferies Financial Group increased 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. Royal Bank of Canada decreased their price target 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 downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Stock Up 3.1 %

Shares of NYSE MKL opened at $1,721.01 on Wednesday. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 7.94 and a beta of 0.78. The stock has a 50 day moving average price of $1,720.71 and a 200 day moving average price of $1,620.42. 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 issued 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). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Sell-side analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current year.

Markel Group Company 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.