Markel Group Inc. (NYSE:MKL) Stake Increased by Haverford Trust Co

Haverford Trust Co grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 86.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 434 shares of the insurance provider’s stock after purchasing an additional 201 shares during the quarter. Haverford Trust Co’s holdings in Markel Group were worth $681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp increased its holdings in shares of Markel Group by 1,000.0% in the 3rd 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 during the last quarter. UMB Bank n.a. increased its stake in Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Markel Group during the second quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Markel Group in the 2nd quarter worth about $55,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at about $65,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 3.5 %

Markel Group stock opened at $1,714.08 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,718.69. The company’s fifty day simple moving average is $1,574.49 and its 200-day simple moving average is $1,577.92. The stock has a market cap of $22.04 billion, a P/E ratio of 7.91 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion during 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%. As a group, sell-side analysts forecast that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of research reports. Royal Bank of Canada dropped 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. Citigroup raised their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group boosted 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 note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,651.83.

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.