Hengehold Capital Management LLC Raises Stock Position in Markel Group Inc. (NYSE:MKL)

Hengehold Capital Management LLC boosted its stake in Markel Group Inc. (NYSE:MKL) by 61.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236 shares of the insurance provider’s stock after acquiring an additional 90 shares during the quarter. Hengehold Capital Management LLC’s holdings in Markel Group were worth $407,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Empirical Asset Management LLC purchased a new stake in Markel Group during the 4th quarter worth approximately $54,173,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after purchasing an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Markel Group by 167.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after purchasing an additional 14,022 shares in the last quarter. State Street Corp lifted its holdings in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after buying an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Markel Group by 156,757.1% in the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after acquiring an additional 10,973 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MKL. Jefferies Financial Group increased their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. StockNews.com raised 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 company 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 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Down 0.1 %

Shares of MKL stock opened at $1,808.24 on Friday. 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 stock has a market cap of $23.26 billion, a PE ratio of 8.34 and a beta of 0.78. The business’s fifty day moving average is $1,736.21 and its 200-day moving average is $1,629.25. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,815.57.

Markel Group (NYSE:MKL) last issued its quarterly 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). The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Equities analysts expect that Markel Group Inc. will post 86.92 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.