Diversify Wealth Management LLC Purchases 135 Shares of Markel Group Inc. (NYSE:MKL)

Diversify Wealth Management LLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 31.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 561 shares of the insurance provider’s stock after buying an additional 135 shares during the quarter. Diversify Wealth Management LLC’s holdings in Markel Group were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Gold Investment Management Ltd. raised its holdings 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 valued at $1,912,000 after acquiring an additional 7 shares during the period. 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 increased its position in Markel Group by 1.1% during the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after acquiring an additional 8 shares during the last quarter. Financial Advocates Investment Management raised its stake in shares of Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 8 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Markel Group by 3.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider’s stock worth $538,000 after acquiring an additional 10 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

NYSE:MKL opened at $1,776.14 on Tuesday. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day moving average price of $1,730.43 and a 200 day moving average price of $1,626.19. The stock has a market cap of $22.84 billion, a PE ratio of 8.19 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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 company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities research analysts expect that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

Analysts Set New Price Targets

MKL has been the subject of a number of recent analyst reports. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group upped their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reduced their price target on 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. One 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. According to MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average target price of $1,626.83.

About Markel Group

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.