Atria Investments Inc Boosts Position in Markel Group Inc. (NYSE:MKL)

Atria Investments Inc boosted its position in Markel Group Inc. (NYSE:MKL) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,974 shares of the insurance provider’s stock after purchasing an additional 10 shares during the period. Atria Investments Inc’s holdings in Markel Group were worth $3,096,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after buying an additional 558 shares during the last quarter. Solitude Financial Services bought a new position in Markel Group in the second quarter worth approximately $1,182,000. Sei Investments Co. boosted its stake in shares of Markel Group by 41.7% during the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock worth $6,554,000 after acquiring an additional 1,268 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after acquiring an additional 359 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in shares of Markel Group by 19.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 4,486 shares of the insurance provider’s stock worth $7,068,000 after purchasing an additional 740 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

NYSE:MKL opened at $1,655.49 on Thursday. The stock has a 50-day moving average price of $1,572.70 and a 200 day moving average price of $1,577.37. The stock has a market capitalization of $21.29 billion, a P/E ratio of 7.64 and a beta of 0.73. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,676.56. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Equities research analysts forecast that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on MKL. Jefferies Financial Group lifted their target price on 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. Royal Bank of Canada cut 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 note on Friday, November 1st. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Citigroup lifted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $1,651.83.

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.