Venturi Wealth Management LLC Grows Stock Holdings in Markel Group Inc. (NYSE:MKL)

Venturi Wealth Management LLC grew its position in Markel Group Inc. (NYSE:MKL) by 3.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 343 shares of the insurance provider’s stock after buying an additional 10 shares during the period. Venturi Wealth Management LLC’s holdings in Markel Group were worth $538,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Weil Company Inc. boosted its stake in Markel Group by 1.3% in the third quarter. Weil Company Inc. now owns 3,088 shares of the insurance provider’s stock valued at $4,844,000 after acquiring an additional 39 shares in the last quarter. Ashton Thomas Securities LLC boosted its position in shares of Markel Group by 7.7% in the 3rd quarter. Ashton Thomas Securities LLC now owns 2,008 shares of the insurance provider’s stock worth $3,150,000 after purchasing an additional 143 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its stake in Markel Group by 13.4% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 220 shares of the insurance provider’s stock worth $345,000 after buying an additional 26 shares during the last quarter. Atria Investments Inc increased its position in Markel Group by 0.5% during the 3rd quarter. Atria Investments Inc now owns 1,974 shares of the insurance provider’s stock valued at $3,096,000 after buying an additional 10 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in Markel Group by 5.7% in the third quarter. Verdence Capital Advisors LLC now owns 594 shares of the insurance provider’s stock valued at $932,000 after buying an additional 32 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.2 %

Shares of Markel Group stock opened at $1,654.51 on Wednesday. The stock has a market cap of $21.28 billion, a PE ratio of 7.62 and a beta of 0.73. The firm has a fifty day moving average price of $1,571.01 and a 200 day moving average price of $1,575.84. Markel Group Inc. has a 1 year low of $1,339.72 and a 1 year high of $1,676.56. 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 released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Equities research analysts predict that Markel Group Inc. will post 89.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MKL shares. Jefferies Financial Group upped their price objective 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 cut their price target on shares of 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. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Citigroup upped their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,651.83.

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.