Hudson Value Partners LLC boosted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,186 shares of the insurance provider's stock after acquiring an additional 314 shares during the period. Markel Group comprises approximately 1.9% of Hudson Value Partners LLC's portfolio, making the stock its 19th largest position. Hudson Value Partners LLC's holdings in Markel Group were worth $4,997,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC raised its position in shares of Markel Group by 3.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 462 shares of the insurance provider's stock valued at $725,000 after purchasing an additional 17 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in Markel Group by 323.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,084 shares of the insurance provider's stock valued at $1,700,000 after purchasing an additional 828 shares during the period. Solitude Financial Services grew its holdings in Markel Group by 43.3% in the 3rd quarter. Solitude Financial Services now owns 1,075 shares of the insurance provider's stock worth $1,686,000 after buying an additional 325 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Markel Group by 5.9% in the third quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider's stock worth $422,000 after purchasing an additional 15 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Markel Group by 8.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 5,084 shares of the insurance provider's stock valued at $7,975,000 after buying an additional 404 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.
Several brokerages have recently weighed in on MKL. StockNews.com upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Monday. Jefferies Financial Group increased their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Citigroup lifted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a report on Tuesday, July 23rd. Finally, 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 on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Markel Group currently has an average rating of "Hold" and a consensus price target of $1,651.83.
View Our Latest Analysis on MKL
Shares of MKL stock opened at $1,636.14 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $1,569.03 and a 200-day moving average of $1,571.76. The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of 7.55 and a beta of 0.73. Markel Group Inc. has a 12-month low of $1,317.00 and a 12-month high of $1,670.24.
Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 for the quarter, compared to analyst estimates of $3.74 billion. As a group, equities research analysts predict that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Markel Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Markel Group wasn't on the list.
While Markel Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.