Atlanta Consulting Group Advisors LLC Has $891,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

by · The Cerbat Gem

Atlanta Consulting Group Advisors LLC grew its holdings in Markel Group Inc. (NYSE:MKL – Free Report) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 568 shares of the insurance provider’s stock after acquiring an additional 10 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Markel Group were worth $891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. increased its holdings in shares of Markel Group by 6.0% during the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after purchasing an additional 558 shares during the period. Solitude Financial Services acquired a new position in Markel Group in the 2nd quarter valued at $1,182,000. SpiderRock Advisors LLC grew its holdings in shares of Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after purchasing an additional 315 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Markel Group by 41.7% during the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock worth $6,554,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after purchasing an additional 359 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Down 0.1 %

Shares of NYSE:MKL opened at $1,707.64 on Friday. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,733.58. The company has a market capitalization of $21.96 billion, a PE ratio of 7.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a fifty day moving average of $1,581.08 and a 200-day moving average of $1,580.65.

Markel Group (NYSE:MKL – Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. On average, equities analysts predict that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup increased their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada reduced 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 report on Friday, November 1st. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Financial Group upped 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,651.83.

Get Our Latest Stock Report on MKL

Markel Group Company Profile

(Free Report)

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.

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