Charles Schwab Investment Management Inc. Acquires 766 Shares of Markel Group Inc. (NYSE:MKL)

Charles Schwab Investment Management Inc. grew its holdings in shares of Markel Group Inc. (NYSE:MKL) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 55,718 shares of the insurance provider’s stock after purchasing an additional 766 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Markel Group were worth $87,398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MKL. Davis Selected Advisers increased its position in Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after buying an additional 970 shares during the last quarter. Boston Partners increased its holdings in shares of Markel Group by 36.7% during the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after acquiring an additional 57,528 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Markel Group by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after acquiring an additional 5,310 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Markel Group by 15.4% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after purchasing an additional 11,357 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Markel Group by 2.4% during the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after purchasing an additional 1,689 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

NYSE:MKL opened at $1,785.11 on Thursday. 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 stock has a market cap of $22.96 billion, a P/E ratio of 8.23 and a beta of 0.73. The company has a fifty day moving average price of $1,609.69 and a 200 day moving average price of $1,589.29. 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 released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Analysts anticipate that Markel Group Inc. will post 88.52 earnings per share for the current year.

Wall Street Analyst Weigh In

MKL has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of 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. Finally, Royal Bank of Canada lowered 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 research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,651.83.

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.