Culbertson A N & Co. Inc. Raises Position in Markel Group Inc. (NYSE:MKL)

Culbertson A N & Co. Inc. increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 85.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,146 shares of the insurance provider’s stock after acquiring an additional 528 shares during the period. Culbertson A N & Co. Inc.’s holdings in Markel Group were worth $1,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Asset Management LLC acquired a new position in shares of Markel Group during the fourth quarter worth $54,173,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after buying an additional 14,507 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Markel Group by 167.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after buying an additional 14,022 shares in the last quarter. State Street Corp boosted its position in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after buying an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after acquiring an additional 10,973 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MKL. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group increased 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. Royal Bank of Canada cut 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 report on Friday, November 1st. Finally, StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Performance

Shares of MKL opened at $1,776.14 on Tuesday. The stock has a market capitalization of $22.84 billion, a PE ratio of 8.19 and a beta of 0.78. The business’s fifty day moving average price is $1,730.43 and its 200 day moving average price is $1,626.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11.

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 analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Equities research analysts forecast that Markel Group Inc. will post 86.92 EPS for the current year.

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.