Founders Grove Wealth Partners LLC Invests $333,000 in Markel Group Inc. (NYSE:MKL)

Founders Grove Wealth Partners LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the fourth quarter, HoldingsChannel reports. The fund bought 193 shares of the insurance provider’s stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MKL. Caisse DE Depot ET Placement DU Quebec grew its position in Markel Group by 3,729.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after buying an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Markel Group by 167.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock valued at $38,687,000 after buying an additional 14,022 shares during the last quarter. State Street Corp grew its position in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after buying an additional 13,372 shares during the last quarter. International Assets Investment Management LLC grew its position in Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after buying an additional 10,973 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after acquiring an additional 10,254 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MKL. Jefferies Financial Group raised their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada cut their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,626.83.

Markel Group Trading Up 3.1 %

NYSE:MKL opened at $1,721.01 on Wednesday. The company has a market capitalization of $22.14 billion, a PE ratio of 7.94 and a beta of 0.78. The stock has a fifty day simple moving average of $1,720.71 and a 200-day simple moving average of $1,620.42. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, equities research analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

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.