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

Clear Harbor Asset Management LLC lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,981 shares of the insurance provider’s stock after buying an additional 62 shares during the period. Clear Harbor Asset Management LLC’s holdings in Markel Group were worth $6,872,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MKL. State Street Corp lifted its position in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after buying an additional 13,372 shares in the last quarter. Geode Capital Management LLC raised its holdings in Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after acquiring an additional 10,254 shares in the last quarter. Jennison Associates LLC boosted its position in Markel Group by 2.4% during the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock valued at $112,362,000 after purchasing an additional 1,689 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Markel Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after purchasing an additional 766 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Markel Group by 0.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock worth $72,490,000 after purchasing an additional 133 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Markel Group stock opened at $1,776.14 on Tuesday. The stock’s 50 day moving average is $1,730.43 and its 200-day moving average is $1,626.19. The company has a market capitalization of $22.84 billion, a price-to-earnings ratio of 8.19 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. 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 released its earnings results 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 for the quarter, compared to the consensus estimate 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 year.

Analyst Ratings Changes

Several equities analysts recently weighed in on MKL shares. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. Jefferies Financial Group raised their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada lowered 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 analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Markel Group has a consensus rating of “Hold” and an average target price 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.