Entropy Technologies LP Has $587,000 Stock Position in Markel Group Inc. (NYSE:MKL)

Entropy Technologies LP lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 114.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 374 shares of the insurance provider’s stock after buying an additional 200 shares during the period. Entropy Technologies LP’s holdings in Markel Group were worth $587,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MKL. Assenagon Asset Management S.A. boosted its stake in Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after buying an additional 558 shares in the last quarter. Solitude Financial Services acquired a new stake in Markel Group in the second quarter valued at about $1,182,000. Sei Investments Co. boosted its stake in Markel Group by 41.7% in the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after buying an additional 1,268 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after buying an additional 359 shares in the last quarter. Finally, SpiderRock Advisors LLC boosted its stake in Markel Group by 199.4% in the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after buying an additional 315 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of MKL opened at $1,714.08 on Friday. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,718.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of 7.86 and a beta of 0.73. The business has a 50-day moving average of $1,574.49 and a 200-day moving average of $1,577.92.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $3.74 billion. As a group, equities research analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on MKL. Citigroup raised their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. 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 for the company in a research report on Friday, November 1st. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group increased their target price 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Markel Group currently has an average 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.