Allen Capital Group LLC Takes $307,000 Position in Markel Group Inc. (NYSE:MKL)

Allen Capital Group LLC acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 178 shares of the insurance provider’s stock, valued at approximately $307,000.

Other large investors have also recently made changes to their positions in the company. Forsta AP Fonden increased its stake in shares of Markel Group by 6.5% during the fourth quarter. Forsta AP Fonden now owns 1,960 shares of the insurance provider’s stock valued at $3,383,000 after purchasing an additional 120 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its stake in shares of Markel Group by 0.5% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 8,027 shares of the insurance provider’s stock worth $13,856,000 after buying an additional 38 shares during the period. Perigon Wealth Management LLC lifted its position in shares of Markel Group by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 461 shares of the insurance provider’s stock valued at $816,000 after acquiring an additional 12 shares in the last quarter. Buttonwood Financial Advisors Inc. boosted its position in shares of Markel Group by 3.9% during the fourth quarter. Buttonwood Financial Advisors Inc. now owns 2,877 shares of the insurance provider’s stock worth $4,967,000 after acquiring an additional 107 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Markel Group by 22.6% in the 4th quarter. Blue Trust Inc. now owns 239 shares of the insurance provider’s stock worth $413,000 after acquiring an additional 44 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Down 1.2 %

NYSE:MKL opened at $1,804.46 on Thursday. The firm has a market cap of $23.21 billion, a P/E ratio of 8.32 and a beta of 0.78. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,842.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a 50-day simple moving average of $1,745.78 and a 200-day simple moving average of $1,636.77.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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 during 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%. Equities analysts anticipate that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

Analysts Set New Price Targets

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