Sunbelt Securities Inc. Purchases 19 Shares of Markel Group Inc. (NYSE:MKL)

Sunbelt Securities Inc. boosted its holdings in Markel Group Inc. (NYSE:MKL) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172 shares of the insurance provider’s stock after acquiring an additional 19 shares during the quarter. Sunbelt Securities Inc.’s holdings in Markel Group were worth $270,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MKL. Brooklyn Investment Group bought a new position in shares of Markel Group during the third quarter valued at $31,000. Toth Financial Advisory Corp lifted its stake in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 20 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Markel Group during the 3rd quarter valued at about $36,000. UMB Bank n.a. boosted its holdings in shares of Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 25 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Markel Group in the second quarter worth approximately $45,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,737.07 on Friday. The stock has a market cap of $22.34 billion, a P/E ratio of 8.01 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 stock’s fifty day moving average is $1,651.42 and its 200 day moving average is $1,598.82. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,809.11.

Markel Group (NYSE:MKL) last posted its quarterly earnings data 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 company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Sell-side analysts anticipate that Markel Group Inc. will post 86.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MKL. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Jefferies Financial Group upped their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped 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 research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Company 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.