Crewe Advisors LLC Invests $97,000 in Markel Group Inc. (NYSE:MKL)

Crewe Advisors LLC purchased a new position in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56 shares of the insurance provider’s stock, valued at approximately $97,000.

A number of other institutional investors have also recently made changes to their positions in the stock. SpiderRock Advisors LLC grew its holdings in shares of Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 315 shares during the last quarter. Versor Investments LP grew its holdings in shares of Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 160 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after purchasing an additional 379 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after purchasing an additional 527 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $2,059.04 on Friday. The firm has a market cap of $26.48 billion, a PE ratio of 9.50 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,405.11 and a 12-month high of $2,063.68. 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 company’s fifty day simple moving average is $1,755.78 and its two-hundred day simple moving average is $1,646.10.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, equities analysts expect that Markel Group Inc. will post 86.92 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MKL shares. TD Cowen lowered 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. 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. Finally, StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus target price of $1,626.83.

About Markel Group

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.