Cathy Pareto & Associates Inc. Takes Position in Markel Group Inc. (NYSE:MKL)

Cathy Pareto & Associates Inc. bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 136 shares of the insurance provider’s stock, valued at approximately $235,000.

Other institutional investors also recently bought and sold shares of the company. Empirical Asset Management LLC acquired a new stake in shares of Markel Group in the fourth quarter valued at about $54,173,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Markel Group by 3,729.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after acquiring an additional 14,507 shares during the period. Assenagon Asset Management S.A. increased its stake in Markel Group by 167.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock valued at $38,687,000 after purchasing an additional 14,022 shares in the last quarter. State Street Corp boosted its position in Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Markel Group by 156,757.1% in 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 last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Trading Up 0.0 %

Shares of Markel Group stock opened at $1,810.98 on Monday. The firm has a market cap of $23.29 billion, a PE ratio of 8.35 and a beta of 0.78. 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 fifty-two week low of $1,342.66 and a fifty-two week high of $1,817.81. The business’s fifty day moving average is $1,740.16 and its two-hundred day moving average is $1,633.36.

Markel Group (NYSE:MKL) last released its 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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Analysts anticipate that Markel Group Inc. will post 86.92 earnings per share for the current year.

Analyst Ratings Changes

MKL has been the topic of several recent research reports. Jefferies Financial Group boosted 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. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. 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 for the company in a research report on Friday, November 1st. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,626.83.

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.