MCF Advisors LLC Has $345,000 Stock Position in Markel Group Inc. (NYSE:MKL)

MCF Advisors LLC trimmed its position in Markel Group Inc. (NYSE:MKL) by 21.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200 shares of the insurance provider’s stock after selling 55 shares during the period. MCF Advisors LLC’s holdings in Markel Group were worth $345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Markel Group during the 3rd quarter worth about $31,000. Toth Financial Advisory Corp boosted its stake in shares of Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 20 shares during the period. Larson Financial Group LLC bought a new position in Markel Group during the third quarter worth $36,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Markel Group during the 3rd quarter worth about $42,000. Finally, UMB Bank n.a. boosted its holdings in shares of Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on MKL shares. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada reduced their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, 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 note on Wednesday, October 9th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,788.87 on Wednesday. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,811.81. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 8.25 and a beta of 0.78. The business’s 50-day moving average price is $1,730.43 and its 200-day moving average price is $1,626.19.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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). The company had revenue of $3.69 billion for 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 research analysts forecast that Markel Group Inc. will post 86.92 EPS for the current 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.