Aptus Capital Advisors LLC Acquires 16 Shares of Markel Group Inc. (NYSE:MKL)

Aptus Capital Advisors LLC grew its holdings in Markel Group Inc. (NYSE:MKL) by 8.0% during the third quarter, HoldingsChannel.com reports. The firm owned 216 shares of the insurance provider’s stock after acquiring an additional 16 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Markel Group were worth $339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MKL. Cumberland Partners Ltd increased its stake in Markel Group by 142.9% in the 3rd quarter. Cumberland Partners Ltd now owns 850 shares of the insurance provider’s stock worth $1,333,000 after buying an additional 500 shares during the period. Aigen Investment Management LP increased its position in shares of Markel Group by 76.3% during the third quarter. Aigen Investment Management LP now owns 513 shares of the insurance provider’s stock worth $805,000 after acquiring an additional 222 shares during the period. Prime Capital Investment Advisors LLC raised its stake in shares of Markel Group by 6.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 372 shares of the insurance provider’s stock valued at $584,000 after acquiring an additional 21 shares in the last quarter. WealthPlan Investment Management LLC boosted its holdings in shares of Markel Group by 5.3% in the third quarter. WealthPlan Investment Management LLC now owns 414 shares of the insurance provider’s stock valued at $649,000 after purchasing an additional 21 shares during the period. Finally, Entropy Technologies LP increased its holdings in Markel Group by 114.9% during the 3rd quarter. Entropy Technologies LP now owns 374 shares of the insurance provider’s stock worth $587,000 after purchasing an additional 200 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

MKL opened at $1,707.64 on Friday. The firm has a market capitalization of $21.96 billion, a PE ratio of 7.88 and a beta of 0.73. 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 business’s 50-day moving average is $1,581.08 and its two-hundred day moving average is $1,580.65. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,733.58.

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 firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Research analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on MKL shares. Royal Bank of Canada lowered 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 report on Friday, November 1st. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group raised their target price on shares of 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. Finally, Citigroup upped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.