Atomi Financial Group Inc. Buys 92 Shares of Markel Group Inc. (NYSE:MKL)

Atomi Financial Group Inc. lifted its stake in Markel Group Inc. (NYSE:MKL) by 33.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 365 shares of the insurance provider’s stock after buying an additional 92 shares during the period. Atomi Financial Group Inc.’s holdings in Markel Group were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Clear Harbor Asset Management LLC boosted its stake in shares of Markel Group by 1.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,981 shares of the insurance provider’s stock valued at $6,872,000 after buying an additional 62 shares during the period. Solidarity Wealth LLC lifted its stake in Markel Group by 3.0% during the fourth quarter. Solidarity Wealth LLC now owns 5,644 shares of the insurance provider’s stock worth $9,742,000 after purchasing an additional 167 shares during the last quarter. Royal Fund Management LLC lifted its stake in Markel Group by 100.0% during the fourth quarter. Royal Fund Management LLC now owns 1,020 shares of the insurance provider’s stock worth $1,761,000 after purchasing an additional 510 shares during the last quarter. Culbertson A N & Co. Inc. lifted its stake in Markel Group by 85.4% during the fourth quarter. Culbertson A N & Co. Inc. now owns 1,146 shares of the insurance provider’s stock worth $1,978,000 after purchasing an additional 528 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in Markel Group by 31.7% during the fourth quarter. Diversify Wealth Management LLC now owns 561 shares of the insurance provider’s stock worth $931,000 after purchasing an additional 135 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MKL. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Royal Bank of Canada cut their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. 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 research note on Wednesday, October 9th. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

NYSE MKL opened at $1,808.24 on Friday. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 8.34 and a beta of 0.78. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,815.57. The stock has a fifty day simple moving average of $1,736.21 and a 200 day simple moving average of $1,629.25. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Sell-side analysts expect that Markel Group Inc. will post 86.92 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.