Holocene Advisors LP increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 176.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,811 shares of the insurance provider's stock after acquiring an additional 1,793 shares during the period. Holocene Advisors LP's holdings in Markel Group were worth $4,409,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Gold Investment Management Ltd. increased its holdings in Markel Group by 0.6% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider's stock worth $1,912,000 after purchasing an additional 7 shares during the period. Epic Trust Investment Advisors LLC increased its holdings in Markel Group by 4.6% during the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider's stock worth $285,000 after purchasing an additional 8 shares during the period. Freedom Day Solutions LLC increased its holdings in Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider's stock worth $2,326,000 after purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC increased its holdings in Markel Group by 1.1% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock worth $1,170,000 after purchasing an additional 8 shares during the period. Finally, Financial Advocates Investment Management increased its holdings in Markel Group by 3.2% during the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider's stock worth $406,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.
Several equities research analysts have weighed in on MKL shares. Royal Bank of Canada cut 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 report on Friday, November 1st. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday. Jefferies Financial Group upped their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Finally, StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Markel Group has an average rating of "Hold" and an average target price of $1,626.83.
Get Our Latest Stock Analysis on MKL
MKL opened at $1,747.52 on Thursday. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,809.11. The company has a market cap of $22.47 billion, a P/E ratio of 8.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business's 50-day simple moving average is $1,629.10 and its 200-day simple moving average is $1,593.44.
Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, equities research analysts expect that Markel Group Inc. will post 88.52 EPS 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.
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