Solidarity Wealth LLC Boosts Holdings in Markel Group Inc. (NYSE:MKL)

Solidarity Wealth LLC lifted its stake in Markel Group Inc. (NYSE:MKL) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,644 shares of the insurance provider’s stock after purchasing an additional 167 shares during the quarter. Markel Group accounts for approximately 2.5% of Solidarity Wealth LLC’s holdings, making the stock its 13th biggest position. Solidarity Wealth LLC’s holdings in Markel Group were worth $9,742,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Gold Investment Management Ltd. raised its holdings in shares of Markel Group by 0.6% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after acquiring an additional 7 shares in the last quarter. Freedom Day Solutions LLC raised its holdings in Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock valued at $2,326,000 after buying an additional 8 shares during the period. Hunter Associates Investment Management LLC raised its holdings in Markel Group by 1.1% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after buying an additional 8 shares during the period. Financial Advocates Investment Management raised its holdings in Markel Group by 3.2% during the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after buying an additional 8 shares during the period. Finally, Atria Investments Inc raised its holdings 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 during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

MKL has been the topic of several research analyst reports. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. Jefferies Financial Group raised their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price objective on 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

NYSE:MKL opened at $1,776.14 on Tuesday. The company has a fifty day moving average of $1,730.43 and a two-hundred day moving average of $1,626.19. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The stock has a market capitalization of $22.84 billion, a PE ratio of 8.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS 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 for the quarter, compared to analyst estimates of $3.74 billion. As a group, research analysts forecast 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.