Genesis Private Wealth LLC Makes New $288,000 Investment in Markel Group Inc. (NYSE:MKL)

Genesis Private Wealth LLC bought a new stake in shares of Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 167 shares of the insurance provider’s stock, valued at approximately $288,000.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of Markel Group in the third quarter worth about $31,000. Toth Financial Advisory Corp boosted its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares during the period. Larson Financial Group LLC purchased a new stake in Markel Group during the 3rd quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Markel Group during the third quarter valued at approximately $42,000. Finally, UMB Bank n.a. boosted its position in shares of Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.8 %

Shares of MKL opened at $1,788.87 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $1,730.43 and a 200 day moving average of $1,626.19. The company has a market cap of $23.00 billion, a PE ratio of 8.25 and a beta of 0.78. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,811.81.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (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 return on equity of 10.86% and a net margin of 17.03%. On average, sell-side analysts expect that Markel Group Inc. will post 86.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on MKL shares. Royal Bank of Canada decreased 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. Jefferies Financial Group raised their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.