SpiderRock Advisors LLC raised its place in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 199.4% within the third quarter, in keeping with the corporate in its most up-to-date disclosure with the SEC. The fund owned 473 shares of the insurance coverage supplier’s inventory after shopping for an extra 315 shares throughout the quarter. SpiderRock Advisors LLC’s holdings in Markel Group have been value $742,000 on the finish of the newest reporting interval.
Different institutional traders have additionally modified their holdings of the corporate. Toth Monetary Advisory Corp lifted its place in Markel Group by 1,000.0% throughout the third quarter. Toth Monetary Advisory Corp now owns 22 shares of the insurance coverage supplier’s inventory valued at $35,000 after buying an extra 20 shares over the last quarter. UMB Financial institution n.a. boosted its place in shares of Markel Group by 833.3% within the third quarter. UMB Financial institution n.a. now owns 28 shares of the insurance coverage supplier’s inventory value $44,000 after buying an extra 25 shares within the final quarter. Point72 Asia Singapore Pte. Ltd. acquired a brand new stake in shares of Markel Group within the 2nd quarter value $45,000. Thurston Springer Miller Herd & Titak Inc. bought a brand new place in Markel Group throughout the 2nd quarter value $55,000. Lastly, Cubist Systematic Methods LLC acquired a brand new place in Markel Group throughout the 2nd quarter valued at about $65,000. 77.12% of the inventory is at the moment owned by institutional traders.
Markel Group Inventory Up 0.9 %
MKL inventory opened at $1,650.74 on Monday. The corporate has a market capitalization of $21.23 billion, a P/E ratio of seven.61 and a beta of 0.73. Markel Group Inc. has a 12 month low of $1,325.00 and a 12 month excessive of $1,675.51. The agency’s fifty day easy transferring common is $1,569.99 and its 200-day easy transferring common is $1,573.63. The corporate has a debt-to-equity ratio of 0.26, a present ratio of 0.60 and a fast ratio of 0.60.
Markel Group (NYSE:MKL – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, October thirtieth. The insurance coverage supplier reported $17.34 EPS for the quarter, lacking the consensus estimate of $21.97 by ($4.63). The enterprise had income of $3.69 billion throughout the quarter, in comparison with analysts’ expectations of $3.74 billion. Markel Group had a web margin of 17.03% and a return on fairness of 10.86%. As a gaggle, equities analysis analysts forecast that Markel Group Inc. will put up 89.27 earnings per share for the present yr.
Analyst Upgrades and Downgrades
A number of equities analysis analysts have weighed in on the corporate. Citigroup raised their worth goal on Markel Group from $1,435.00 to $1,450.00 and gave the inventory a “promote” score in a report on Tuesday, July twenty third. Jefferies Monetary Group boosted their goal worth on shares of Markel Group from $1,590.00 to $1,600.00 and gave the inventory a “maintain” score in a analysis report on Wednesday, October ninth. StockNews.com raised shares of Markel Group from a “maintain” score to a “purchase” score in a report on Monday, November 4th. Lastly, Royal Financial institution of Canada dropped their worth goal on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector carry out” score on the inventory in a report on Friday, November 1st. One equities analysis analyst has rated the inventory with a promote score, 4 have given a maintain score and two have issued a purchase score to the corporate. In response to knowledge from MarketBeat.com, Markel Group presently has a consensus score of “Maintain” and a mean goal worth of $1,651.83.
Learn Our Newest Evaluation on MKL
Markel Group Firm Profile
Markel Group Inc, a various holding firm, engages in advertising and underwriting specialty insurance coverage merchandise in the US, Bermuda, the UK, and Germany. The corporate provides common {and professional} legal responsibility, private traces, marine and vitality, specialty applications, and staff’ compensation insurance coverage merchandise; and property coverages that embody hearth, allied traces, and different specialised property coverages, together with catastrophe-exposed property dangers, corresponding to earthquake and wind.
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