EP Wealth Advisors LLC Has $271,000 Holdings in Markel Group Inc. (NYSE:MKL)

EP Wealth Advisors LLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173 shares of the insurance provider’s stock after buying an additional 19 shares during the quarter. EP Wealth Advisors LLC’s holdings in Markel Group were worth $271,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in Markel Group by 6.0% during the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after purchasing an additional 558 shares during the period. Solitude Financial Services acquired a new position in Markel Group in the 2nd quarter valued at $1,182,000. SpiderRock Advisors LLC raised its holdings in Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after acquiring an additional 315 shares during the period. Versor Investments LP boosted 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 acquiring an additional 160 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Markel Group in the second quarter valued at about $2,803,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Down 0.3 %

MKL opened at $1,737.07 on Friday. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The company has a market capitalization of $22.34 billion, a P/E ratio of 8.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The firm’s fifty day moving average price is $1,651.42 and its two-hundred day moving average price is $1,598.82.

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). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. On average, analysts anticipate that Markel Group Inc. will post 86.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MKL shares. Royal Bank of Canada dropped their price target 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. Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. TD Cowen downgraded shares of 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. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. One research 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, Markel Group currently 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.