Crestmont Private Wealth LLC Boosts Holdings in Markel Group Inc. (NYSE:MKL)

Crestmont Private Wealth LLC raised its position in shares of Markel Group Inc. (NYSE:MKL) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 301 shares of the insurance provider’s stock after purchasing an additional 14 shares during the quarter. Crestmont Private Wealth LLC’s holdings in Markel Group were worth $520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MKL. State Street Corp raised its holdings in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after acquiring an additional 13,372 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after purchasing an additional 10,254 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after buying an additional 5,310 shares during the last quarter. Jennison Associates LLC increased its holdings in Markel Group by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after buying an additional 1,689 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after acquiring an additional 766 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of several research reports. Jefferies Financial Group boosted 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. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada reduced their price objective 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. Finally, StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Trading Up 3.1 %

Markel Group stock opened at $1,721.01 on Wednesday. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 7.94 and a beta of 0.78. The firm has a 50 day moving average of $1,720.71 and a 200 day moving average of $1,620.42. 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 announced its quarterly earnings data 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 net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. As a group, research analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current 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.