Chevy Chase Trust Holdings LLC Acquires 74 Shares of Markel Group Inc. (NYSE:MKL)

Chevy Chase Trust Holdings LLC lifted its holdings in Markel Group Inc. (NYSE:MKL) by 16.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 515 shares of the insurance provider’s stock after buying an additional 74 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Markel Group were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Cetera Investment Advisers raised its position in Markel Group by 172.4% during the first quarter. Cetera Investment Advisers now owns 1,253 shares of the insurance provider’s stock valued at $1,906,000 after purchasing an additional 793 shares during the period. Cetera Advisors LLC bought a new stake in Markel Group in the first quarter worth $545,000. Mather Group LLC. boosted its stake in Markel Group by 1,180.0% during the second quarter. Mather Group LLC. now owns 64 shares of the insurance provider’s stock worth $97,000 after buying an additional 59 shares during the period. Simplicity Wealth LLC boosted its stake in Markel Group by 13.2% during the second quarter. Simplicity Wealth LLC now owns 189 shares of the insurance provider’s stock worth $298,000 after buying an additional 22 shares during the period. Finally, Gateway Investment Advisers LLC raised its stake in shares of Markel Group by 19.8% in the second quarter. Gateway Investment Advisers LLC now owns 4,486 shares of the insurance provider’s stock valued at $7,068,000 after acquiring an additional 740 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Down 0.1 %

Shares of NYSE MKL opened at $1,756.77 on Friday. 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 $22.59 billion, a price-to-earnings ratio of 8.10 and a beta of 0.77. The stock has a 50 day moving average price of $1,636.60 and a 200 day moving average price of $1,595.42. 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 the consensus estimate 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%. Sell-side analysts expect that Markel Group Inc. will post 88.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MKL shares. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Jefferies Financial Group upped their target price 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. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, 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 on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Markel Group 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.