Anchor Investment Management LLC Has $96,000 Position in Markel Group Inc. (NYSE:MKL)

Anchor Investment Management LLC raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 6,000.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 61 shares of the insurance provider’s stock after buying an additional 60 shares during the period. Anchor Investment Management LLC’s holdings in Markel Group were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its stake in shares of Markel Group by 6.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after buying an additional 558 shares during the last quarter. Solitude Financial Services acquired a new stake in Markel Group during the second quarter worth approximately $1,182,000. SpiderRock Advisors LLC boosted its stake in Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 315 shares during the period. Versor Investments LP grew its holdings in Markel Group by 72.4% in the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after buying an additional 160 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Markel Group during the 2nd quarter worth $2,803,000. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

MKL has been the subject of several analyst reports. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Jefferies Financial Group boosted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lowered their price objective 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 downgraded Markel Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Down 0.3 %

NYSE MKL opened at $1,737.07 on Friday. The business has a fifty day moving average price of $1,651.42 and a two-hundred day moving average price of $1,598.82. The stock has a market capitalization of $22.34 billion, a PE ratio of 8.01 and a beta of 0.77. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. 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 (NYSE:MKL) last issued its 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). 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 analyst estimates of $3.74 billion. Equities analysts expect that Markel Group Inc. will post 86.73 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.