Townsquare Capital LLC Has $4.82 Million Stake in Markel Group Inc. (NYSE:MKL)

Townsquare Capital LLC raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 3.4% in the 3rd quarter, Holdings Channel reports. The firm owned 3,071 shares of the insurance provider’s stock after purchasing an additional 101 shares during the quarter. Townsquare Capital LLC’s holdings in Markel Group were worth $4,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKL. Brooklyn Investment Group acquired a new position in shares of Markel Group in the third quarter worth approximately $31,000. Toth Financial Advisory Corp lifted its position 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 worth $35,000 after purchasing an additional 20 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Markel Group during the third quarter worth $36,000. UMB Bank n.a. increased its position in shares of Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after buying an additional 25 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Markel Group during the second quarter worth $45,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on MKL. Jefferies Financial Group upped their price target 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. Royal Bank of Canada cut their price target on shares of 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. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,651.83.

Markel Group Price Performance

MKL stock opened at $1,785.11 on Friday. The stock has a market capitalization of $22.96 billion, a PE ratio of 8.23 and a beta of 0.73. The company’s 50-day moving average is $1,613.70 and its 200-day moving average is $1,590.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,809.11.

Markel Group (NYSE:MKL) last released 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). The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Equities research analysts expect that Markel Group Inc. will post 88.52 EPS for the current fiscal year.

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.