Markel Group Inc. (NYSE:MKL) Shares Purchased by Versor Investments LP

Versor Investments LP raised its position in shares of Markel Group Inc. (NYSE:MKL) by 72.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 381 shares of the insurance provider’s stock after acquiring an additional 160 shares during the period. Versor Investments LP’s holdings in Markel Group were worth $598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners lifted its stake in shares of Markel Group by 36.7% in the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after purchasing an additional 57,528 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after buying an additional 11,357 shares during the period. International Assets Investment Management LLC lifted its position in 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 in the last quarter. Marshall Wace LLP purchased a new stake in Markel Group during the second quarter worth approximately $15,596,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Markel Group by 52.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider’s stock worth $35,202,000 after acquiring an additional 7,659 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on MKL. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Citigroup upped their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group raised their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada decreased their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. One 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. According to MarketBeat, Markel Group has an average rating of “Hold” and an average price target of $1,651.83.

Markel Group Stock Up 0.1 %

Shares of NYSE MKL opened at $1,655.49 on Thursday. 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 Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,676.56. The stock’s 50-day simple moving average is $1,572.70 and its 200-day simple moving average is $1,577.37. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 7.64 and a beta of 0.73.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. As a group, equities analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.

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.