Captrust Financial Advisors Boosts Position in Markel Group Inc. (NYSE:MKL)

Captrust Financial Advisors grew its position in Markel Group Inc. (NYSE:MKL) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,993 shares of the insurance provider’s stock after buying an additional 1,218 shares during the quarter. Captrust Financial Advisors owned 0.07% of Markel Group worth $14,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van Lanschot Kempen Investment Management N.V. grew its position in shares of Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after purchasing an additional 11,357 shares during the last quarter. International Assets Investment Management LLC raised its stake in Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the last quarter. Marshall Wace LLP purchased a new position in Markel Group in the 2nd quarter valued at about $15,596,000. D. E. Shaw & Co. Inc. raised its position in shares of Markel Group by 52.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider’s stock valued at $35,202,000 after buying an additional 7,659 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Markel Group during the second quarter valued at approximately $11,518,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Down 0.1 %

MKL stock opened at $1,782.92 on Friday. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11. The company has a market cap of $22.93 billion, a price-to-earnings ratio of 8.22 and a beta of 0.73. 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 business has a fifty day simple moving average of $1,617.95 and a 200-day simple moving average of $1,591.31.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS 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. On average, equities research analysts expect that Markel Group Inc. will post 88.52 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. 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 for the company in a report on Friday, November 1st. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group increased their target price on 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average price target 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.