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

Venturi Wealth Management LLC raised its position in Markel Group Inc. (NYSE:MKL) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343 shares of the insurance provider’s stock after acquiring an additional 10 shares during the quarter. Venturi Wealth Management LLC’s holdings in Markel Group were worth $538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MKL. Gold Investment Management Ltd. boosted its holdings in shares of Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after acquiring an additional 7 shares in the last quarter. Epic Trust Investment Advisors LLC boosted its position in shares of Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after buying an additional 8 shares during the period. Freedom Day Solutions LLC increased its holdings in shares of Markel Group by 0.5% in the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock valued at $2,326,000 after purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC increased its stake in Markel Group by 1.1% in 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. Finally, Financial Advocates Investment Management boosted its position in Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of MKL stock opened at $1,654.51 on Wednesday. The firm’s 50 day moving average price is $1,571.01 and its two-hundred day moving average price is $1,575.84. The stock has a market cap of $21.28 billion, a PE ratio of 7.62 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. Markel Group Inc. has a 52-week low of $1,339.72 and a 52-week high of $1,676.56.

Markel Group (NYSE:MKL) last announced its 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). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. As a group, analysts forecast that Markel Group Inc. will post 89.27 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on MKL. Citigroup raised their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Jefferies Financial Group raised their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada cut their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,651.83.

About Markel Group

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.