Prime Capital Investment Advisors LLC Boosts Stock Position in Markel Group Inc. (NYSE:MKL)

Prime Capital Investment Advisors LLC raised its position in Markel Group Inc. (NYSE:MKL) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 372 shares of the insurance provider’s stock after purchasing an additional 21 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Markel Group were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MKL. WealthPlan Investment Management LLC boosted its position in Markel Group by 5.3% during the third quarter. WealthPlan Investment Management LLC now owns 414 shares of the insurance provider’s stock worth $649,000 after acquiring an additional 21 shares during the last quarter. Entropy Technologies LP boosted its holdings in shares of Markel Group by 114.9% during the third quarter. Entropy Technologies LP now owns 374 shares of the insurance provider’s stock worth $587,000 after purchasing an additional 200 shares during the last quarter. Versor Investments LP increased its stake in Markel Group by 72.4% in the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 160 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Markel Group by 3.0% during the third quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider’s stock worth $538,000 after buying an additional 10 shares during the period. Finally, Weil Company Inc. boosted its stake in Markel Group by 1.3% in the 3rd quarter. Weil Company Inc. now owns 3,088 shares of the insurance provider’s stock worth $4,844,000 after buying an additional 39 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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 research note on Friday, November 1st. Jefferies Financial Group boosted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup boosted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Price Performance

Shares of MKL stock opened at $1,707.64 on Friday. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,733.58. The company has a market capitalization of $21.96 billion, a PE ratio of 7.88 and a beta of 0.73. 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 firm has a fifty day simple moving average of $1,577.60 and a 200-day simple moving average of $1,578.86.

Markel Group (NYSE:MKL) last announced 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. Equities research analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.

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.