Raymond James Trust N.A. Acquires 104 Shares of Markel Group Inc. (NYSE:MKL)

Raymond James Trust N.A. lifted its holdings in Markel Group Inc. (NYSE:MKL) by 23.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 557 shares of the insurance provider’s stock after purchasing an additional 104 shares during the period. Raymond James Trust N.A.’s holdings in Markel Group were worth $874,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Davis Selected Advisers increased its stake in shares of Markel Group by 0.3% in the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after purchasing an additional 970 shares during the period. Boston Partners grew its position in Markel Group by 36.7% during the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after buying an additional 57,528 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after buying an additional 5,310 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its position in Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after buying an additional 11,357 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Markel Group by 2.4% during the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after buying an additional 1,689 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MKL has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada decreased their target price 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Stock Up 1.8 %

NYSE MKL opened at $1,750.00 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is $1,597.58 and its two-hundred day moving average is $1,586.38. The company has a market capitalization of $22.51 billion, a price-to-earnings ratio of 8.07 and a beta of 0.73. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,751.35.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities analysts forecast that Markel Group Inc. will post 88.52 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.