Markel Group Inc. (NYSE:MKL) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Markel Group Inc. (NYSE:MKL) by 140.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 84 shares of the insurance provider’s stock after acquiring an additional 49 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Markel Group were worth $145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in Markel Group by 167.1% in the fourth 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 during the last quarter. Crestmont Private Wealth LLC boosted its stake in shares of Markel Group by 4.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 301 shares of the insurance provider’s stock worth $520,000 after acquiring an additional 14 shares in the last quarter. Marcum Wealth LLC grew its holdings in shares of Markel Group by 7.9% in the 4th quarter. Marcum Wealth LLC now owns 191 shares of the insurance provider’s stock worth $330,000 after acquiring an additional 14 shares during the last quarter. Parisi Gray Wealth Management raised its position in shares of Markel Group by 2.0% during the fourth quarter. Parisi Gray Wealth Management now owns 601 shares of the insurance provider’s stock worth $1,038,000 after purchasing an additional 12 shares during the period. Finally, Fiduciary Alliance LLC lifted its holdings in shares of Markel Group by 25.2% during the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after purchasing an additional 379 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 1.3 %

Shares of NYSE MKL opened at $1,769.16 on Friday. The business has a 50 day simple moving average of $1,725.39 and a 200 day simple moving average of $1,622.33. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 8.16 and a beta of 0.78. 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 posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.74 billion. On average, research analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

MKL has been the topic of a number of analyst reports. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Jefferies Financial Group boosted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada decreased their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock 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 given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Markel Group presently 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.