Aigen Investment Management LP Grows Stock Holdings in Markel Group Inc. (NYSE:MKL)

Aigen Investment Management LP increased its position in shares of Markel Group Inc. (NYSE:MKL) by 76.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 513 shares of the insurance provider’s stock after acquiring an additional 222 shares during the period. Aigen Investment Management LP’s holdings in Markel Group were worth $805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MKL. Toth Financial Advisory Corp boosted its stake in shares of Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the period. UMB Bank n.a. grew its stake in shares of Markel Group by 833.3% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Markel Group during the second quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Markel Group in the second quarter valued at $55,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Markel Group in the second quarter valued at $65,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

MKL stock opened at $1,654.51 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $21.28 billion, a P/E ratio of 7.63 and a beta of 0.73. The business has a 50 day simple moving average of $1,571.01 and a 200-day simple moving average of $1,575.84. Markel Group Inc. has a twelve month low of $1,339.72 and a twelve month high of $1,676.56.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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). 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 analysts’ expectations of $3.74 billion. As a group, equities analysts anticipate that Markel Group Inc. will post 89.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MKL. 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 for the company in a research note on Friday, November 1st. Citigroup increased their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Jefferies Financial Group increased 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 research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,651.83.

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.