Allen Mooney & Barnes Investment Advisors LLC Has $383,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

Allen Mooney & Barnes Investment Advisors LLC lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 222 shares of the insurance provider’s stock after selling 50 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Markel Group were worth $383,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in Markel Group during the second quarter worth about $353,000. American Century Companies Inc. raised its position in shares of Markel Group by 115.7% during the second quarter. American Century Companies Inc. now owns 8,895 shares of the insurance provider’s stock worth $14,015,000 after purchasing an additional 4,771 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Markel Group by 2.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,786 shares of the insurance provider’s stock valued at $2,816,000 after purchasing an additional 51 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at approximately $202,000. Finally, Rathbones Group PLC grew its position in shares of Markel Group by 15.8% in the 2nd quarter. Rathbones Group PLC now owns 761 shares of the insurance provider’s stock valued at $1,199,000 after purchasing an additional 104 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MKL. Jefferies Financial Group lifted 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 note on Wednesday, October 9th. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Performance

Shares of MKL opened at $1,721.01 on Wednesday. The stock has a market capitalization of $22.14 billion, a price-to-earnings ratio of 7.94 and a beta of 0.78. The firm has a fifty day simple moving average of $1,720.71 and a 200 day simple moving average of $1,620.42. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,809.11.

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). The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Research analysts forecast that Markel Group Inc. will post 86.73 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.