Vaughan Nelson Investment Management L.P. Invests $333,000 in Markel Group Inc. (NYSE:MKL)

Vaughan Nelson Investment Management L.P. bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the third quarter, HoldingsChannel reports. The institutional investor bought 212 shares of the insurance provider’s stock, valued at approximately $333,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp raised its holdings in Markel Group by 1,000.0% in the third 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 in the last quarter. UMB Bank n.a. raised its holdings in 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 acquiring an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Markel Group in the second quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Markel Group in the second quarter valued at $55,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Markel Group in the second quarter valued at $65,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports 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 company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada dropped 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. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup increased their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,651.83.

Markel Group Stock Down 0.1 %

Markel Group stock opened at $1,707.64 on Monday. The company has a 50-day simple moving average of $1,581.08 and a 200-day simple moving average of $1,581.49. The firm has a market capitalization of $21.96 billion, a P/E ratio of 7.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,733.58.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm 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%. As a group, equities analysts expect that Markel Group Inc. will post 89.27 earnings per share for the current 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.