Tributary Capital Management LLC Purchases 243 Shares of Markel Group Inc. (NYSE:MKL)

Tributary Capital Management LLC raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 42.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 809 shares of the insurance provider’s stock after buying an additional 243 shares during the quarter. Tributary Capital Management LLC’s holdings in Markel Group were worth $1,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MKL. Brooklyn Investment Group purchased a new position in shares of Markel Group during the third quarter worth about $31,000. Toth Financial Advisory Corp grew its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Markel Group in the 3rd quarter worth $36,000. Global Trust Asset Management LLC purchased a new stake in shares of Markel Group during the 4th quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Markel Group during the 3rd quarter worth $42,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

MKL opened at $1,810.98 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $1,740.16 and its 200 day simple moving average is $1,632.29. The firm has a market cap of $23.29 billion, a price-to-earnings ratio of 8.35 and a beta of 0.78. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,817.81.

Markel Group (NYSE:MKL) last issued 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). The firm had revenue of $3.69 billion during 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%. As a group, analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current year.

Analyst Ratings Changes

MKL has been the topic of a number of research analyst reports. Jefferies Financial Group increased their target price 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. Royal Bank of Canada decreased 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 report 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 shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group 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.