Global Trust Asset Management LLC Invests $41,000 in Markel Group Inc. (NYSE:MKL)

Global Trust Asset Management LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24 shares of the insurance provider’s stock, valued at approximately $41,000.

A number of other large investors also recently bought and sold shares of MKL. Brooklyn Investment Group purchased a new stake in shares of Markel Group in the third quarter valued at approximately $31,000. Toth Financial Advisory Corp increased its holdings in 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 acquiring an additional 20 shares in the last quarter. Larson Financial Group LLC acquired a new position in Markel Group during the third quarter worth $36,000. Wilmington Savings Fund Society FSB purchased a new position in Markel Group during the third quarter valued at $42,000. Finally, UMB Bank n.a. grew its position in shares of Markel Group by 833.3% in 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 period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

MKL stock opened at $1,809.89 on Thursday. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,811.81. The firm has a market capitalization of $23.28 billion, a PE ratio of 8.35 and a beta of 0.78. 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 has a 50 day simple moving average of $1,733.12 and a 200-day simple moving average of $1,627.98.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Equities research analysts anticipate that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of 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. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada lowered 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 note on Friday, November 1st. Finally, StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,626.83.

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.