Tokio Marine Asset Management Co. Ltd. Has $555,000 Position in Markel Group Inc. (NYSE:MKL)

Tokio Marine Asset Management Co. Ltd. grew its position in Markel Group Inc. (NYSE:MKL) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 354 shares of the insurance provider’s stock after buying an additional 12 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Markel Group were worth $555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKL. Assenagon Asset Management S.A. lifted its stake in Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after buying an additional 558 shares in the last quarter. Solitude Financial Services bought a new position in shares of Markel Group during the second quarter worth about $1,182,000. SpiderRock Advisors LLC raised its position in Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after buying an additional 315 shares during the last quarter. Sei Investments Co. lifted its stake in Markel Group by 41.7% in the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after acquiring an additional 359 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MKL has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price objective 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. Citigroup lifted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. 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 report on Friday, November 1st. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,651.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,707.64 on Friday. The company has a fifty day moving average price of $1,581.08 and a two-hundred day moving average price of $1,580.65. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,733.58. The stock has a market cap of $21.96 billion, a P/E ratio of 7.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) 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 firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. As a group, equities analysts predict that Markel Group Inc. will post 89.27 EPS for the current year.

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.