Alpha Omega Wealth Management LLC Boosts Stake in Markel Group Inc. (NYSE:MKL)

Alpha Omega Wealth Management LLC increased its holdings in Markel Group Inc. (NYSE:MKL) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,357 shares of the insurance provider’s stock after acquiring an additional 17 shares during the period. Markel Group comprises approximately 1.1% of Alpha Omega Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Alpha Omega Wealth Management LLC’s holdings in Markel Group were worth $5,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SpiderRock Advisors LLC grew its position in shares of 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 acquiring an additional 315 shares during the period. Versor Investments LP grew its holdings in Markel Group by 72.4% during the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 160 shares during the period. Fiduciary Alliance LLC increased its position in Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after buying an additional 379 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Markel Group in the second quarter valued at $2,803,000. Finally, Franklin Resources Inc. lifted its position in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after buying an additional 527 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MKL. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada dropped their price target 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 note on Friday, November 1st. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Price Performance

MKL stock opened at $1,829.52 on Friday. The firm has a 50 day moving average of $1,751.84 and a 200-day moving average of $1,640.90. The firm has a market capitalization of $23.53 billion, a P/E ratio of 8.44 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,842.48. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced 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). The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, sell-side analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current fiscal 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.