Brooklyn Investment Group Purchases New Position in Markel Group Inc. (NYSE:MKL)

Brooklyn Investment Group acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20 shares of the insurance provider’s stock, valued at approximately $31,000.

Several other institutional investors have also modified their holdings of MKL. Gold Investment Management Ltd. grew its position in shares of Markel Group by 0.6% in the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after buying an additional 7 shares during the last quarter. Epic Trust Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 8 shares during the last quarter. Freedom Day Solutions LLC increased its position in shares of 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 purchasing an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in shares of Markel Group by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after purchasing an additional 8 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its position in shares of Markel Group by 3.2% in the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 8 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada cut 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. Jefferies Financial Group upped their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,782.92 on Friday. The stock has a fifty day moving average price of $1,617.95 and a 200 day moving average price of $1,591.31. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $22.93 billion, a PE ratio of 8.22 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its earnings results 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 return on equity of 10.86% and a net margin of 17.03%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Sell-side analysts forecast that Markel Group Inc. will post 88.52 EPS 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.