Hilltop Holdings Inc. Buys 12 Shares of Markel Group Inc. (NYSE:MKL)

Hilltop Holdings Inc. lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,220 shares of the insurance provider’s stock after acquiring an additional 12 shares during the period. Hilltop Holdings Inc.’s holdings in Markel Group were worth $1,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Markel Group by 172.4% during the 1st quarter. Cetera Investment Advisers now owns 1,253 shares of the insurance provider’s stock worth $1,906,000 after acquiring an additional 793 shares in the last quarter. Cetera Advisors LLC bought a new stake in Markel Group during the 1st quarter worth about $545,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Markel Group by 4.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,735 shares of the insurance provider’s stock worth $2,631,000 after buying an additional 66 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Markel Group by 1,180.0% in the 2nd quarter. Mather Group LLC. now owns 64 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 59 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in shares of Markel Group by 1.7% during the 2nd quarter. Gulf International Bank UK Ltd now owns 1,069 shares of the insurance provider’s stock worth $1,684,000 after purchasing an additional 18 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MKL. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. 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 note on Wednesday, October 9th. 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 note on Friday, November 1st. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

MKL opened at $1,747.00 on Wednesday. The firm has a market cap of $22.47 billion, a P/E ratio of 8.06 and a beta of 0.77. The business’s fifty day moving average is $1,625.29 and its 200-day moving average is $1,592.35. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. 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 (NYSE:MKL) last released 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). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Sell-side analysts expect that Markel Group Inc. will post 88.52 EPS 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.