200 Shares in Markel Group Inc. (NYSE:MKL) Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 200 shares of the insurance provider’s stock, valued at approximately $345,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 worth $742,000 after buying an additional 315 shares during the period. Versor Investments LP boosted its stake in Markel Group by 72.4% during the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after acquiring an additional 160 shares in the last quarter. Fiduciary Alliance LLC grew its holdings 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 purchasing an additional 379 shares during the period. Franklin Resources Inc. increased its stake in Markel Group by 10.4% in the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after purchasing an additional 527 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Up 10.7 %

Shares of NYSE:MKL opened at $2,059.04 on Friday. The business’s 50 day moving average is $1,755.78 and its 200 day moving average is $1,646.10. Markel Group Inc. has a 12-month low of $1,405.11 and a 12-month high of $2,063.68. The stock has a market cap of $26.48 billion, a price-to-earnings ratio of 9.50 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 (NYSE:MKL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, sell-side analysts forecast that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on MKL shares. Royal Bank of Canada decreased 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 report on Friday, November 1st. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

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.