International Assets Investment Management LLC Takes Position in Markel Group Inc. (NYSE:MKL)

International Assets Investment Management LLC bought a new position in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,779 shares of the insurance provider’s stock, valued at approximately $18,145,000. International Assets Investment Management LLC owned approximately 0.10% of Markel Group as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC increased its holdings in Markel Group by 2.3% in the fourth quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock valued at $452,000 after purchasing an additional 7 shares during the period. Parisi Gray Wealth Management raised its position in shares of Markel Group by 1.7% during the fourth quarter. Parisi Gray Wealth Management now owns 541 shares of the insurance provider’s stock worth $768,000 after acquiring an additional 9 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Markel Group by 1.3% in the third quarter. Daiwa Securities Group Inc. now owns 780 shares of the insurance provider’s stock worth $1,149,000 after acquiring an additional 10 shares during the period. Yousif Capital Management LLC boosted its holdings in Markel Group by 4.0% in the third quarter. Yousif Capital Management LLC now owns 259 shares of the insurance provider’s stock valued at $381,000 after acquiring an additional 10 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in Markel Group by 150.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 12 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,581.06 on Friday. The firm has a market capitalization of $20.55 billion, a P/E ratio of 8.54 and a beta of 0.69. The firm’s 50-day moving average price is $1,488.09 and its 200-day moving average price is $1,445.11. The company has a current ratio of 0.61, a quick ratio of 0.62 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,588.31.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Equities research analysts anticipate that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on MKL. Janney Montgomery Scott reaffirmed a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a research note on Friday, March 15th. Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Truist Financial lifted their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada upped their target price on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $1,520.00.

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.