Alpha Omega Wealth Management LLC Boosts Stock Position in Markel Group Inc. (NYSE:MKL)

Alpha Omega Wealth Management LLC lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,357 shares of the insurance provider’s stock after buying an additional 17 shares during the period. Markel Group comprises 1.1% of Alpha Omega Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Alpha Omega Wealth Management LLC’s holdings in Markel Group were worth $5,795,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MKL. Empirical Asset Management LLC purchased a new position in shares of Markel Group during the fourth quarter worth approximately $54,173,000. Caisse DE Depot ET Placement DU Quebec raised its position in Markel Group by 3,729.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after purchasing an additional 14,507 shares during the period. Assenagon Asset Management S.A. lifted its stake in Markel Group by 167.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after purchasing an additional 14,022 shares during the last quarter. State Street Corp boosted its position in Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after buying an additional 13,372 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after buying an additional 10,973 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 0.1 %

Shares of NYSE MKL opened at $1,829.52 on Friday. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,842.48. The company has a market cap of $23.53 billion, a PE ratio of 8.44 and a beta of 0.78. The firm’s 50 day moving average price is $1,751.84 and its 200-day moving average price is $1,640.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. On average, equities research analysts expect that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MKL. Jefferies Financial Group upped their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada lowered their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.