Founders Grove Wealth Partners LLC Invests $333,000 in Markel Group Inc. (NYSE:MKL)

Founders Grove Wealth Partners LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 193 shares of the insurance provider’s stock, valued at approximately $333,000.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Markel Group in the third quarter valued at approximately $31,000. Toth Financial Advisory Corp raised its holdings in Markel Group by 1,000.0% in the third 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 in the last quarter. Larson Financial Group LLC acquired a new stake in Markel Group in the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB acquired a new stake in Markel Group in the third quarter valued at approximately $42,000. Finally, UMB Bank n.a. raised its holdings in Markel Group by 833.3% in the third 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 in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,721.01 on Wednesday. The firm has a market capitalization of $22.14 billion, a P/E ratio of 7.94 and a beta of 0.78. 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 quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $1,720.71 and its two-hundred day moving average is $1,620.42.

Markel Group (NYSE:MKL) last announced its earnings results 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). The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Research analysts forecast that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MKL shares. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. Royal Bank of Canada reduced their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Jefferies Financial Group increased 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 research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.