Markel Group Inc. (NYSE:MKL) Shares Acquired by Sather Financial Group Inc

Sather Financial Group Inc raised its position in shares of Markel Group Inc. (NYSE:MKL) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,466 shares of the insurance provider’s stock after acquiring an additional 173 shares during the quarter. Markel Group makes up about 2.9% of Sather Financial Group Inc’s holdings, making the stock its 16th largest holding. Sather Financial Group Inc owned 0.22% of Markel Group worth $44,651,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MKL. Gold Investment Management Ltd. increased its stake in Markel Group by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after acquiring an additional 7 shares during the last quarter. Epic Trust Investment Advisors LLC increased its stake in Markel Group by 4.6% during the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 8 shares during the last quarter. Freedom Day Solutions LLC increased its stake in Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after acquiring an additional 8 shares during the last quarter. Hunter Associates Investment Management LLC boosted its position in shares of Markel Group by 1.1% during the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after buying an additional 8 shares during the period. Finally, Financial Advocates Investment Management boosted its position in shares of Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Down 0.1 %

NYSE:MKL opened at $1,707.64 on Friday. The firm has a market cap of $21.96 billion, a PE ratio of 7.88 and a beta of 0.73. The stock has a fifty day moving average price of $1,581.08 and a 200 day moving average price of $1,580.65. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,733.58. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last posted its quarterly 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 net margin of 17.03% and a return on equity of 10.86%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Sell-side analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on MKL. Royal Bank of Canada lowered their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Citigroup raised their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group raised their price target on 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. Finally, StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,651.83.

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.