Clear Harbor Asset Management LLC Has $6.87 Million Stake in Markel Group Inc. (NYSE:MKL)

Clear Harbor Asset Management LLC grew its stake in Markel Group Inc. (NYSE:MKL) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 3,981 shares of the insurance provider’s stock after buying an additional 62 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Markel Group were worth $6,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Markel Group in the 3rd quarter valued at $31,000. Toth Financial Advisory Corp grew 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 worth $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Markel Group in the third quarter valued at $36,000. Wilmington Savings Fund Society FSB bought a new position in Markel Group during the 3rd quarter worth $42,000. Finally, UMB Bank n.a. lifted its holdings in Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after buying an additional 25 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Up 0.4 %

NYSE:MKL opened at $1,776.14 on Tuesday. The firm has a fifty day simple moving average of $1,730.43 and a two-hundred day simple moving average of $1,626.19. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. The stock has a market capitalization of $22.84 billion, a price-to-earnings ratio of 8.19 and a beta of 0.78. 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 results 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). The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Analysts expect that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

Analyst Ratings Changes

MKL has been the subject of a number of analyst reports. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada lowered 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 report on Friday, November 1st. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Finally, Jefferies Financial Group lifted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus price target of $1,626.83.

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.