Atomi Financial Group Inc. Has $630,000 Position in Markel Group Inc. (NYSE:MKL)

Atomi Financial Group Inc. grew its holdings in shares of Markel Group Inc. (NYSE:MKL) by 33.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 365 shares of the insurance provider’s stock after acquiring an additional 92 shares during the quarter. Atomi Financial Group Inc.’s holdings in Markel Group were worth $630,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Gold Investment Management Ltd. lifted its position 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 buying an additional 7 shares in the last quarter. Freedom Day Solutions LLC lifted its position in shares of Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after buying an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of Markel Group by 1.1% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after buying an additional 8 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of Markel Group by 3.2% during the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after buying an additional 8 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of Markel Group by 0.5% during the 3rd quarter. Atria Investments Inc now owns 1,974 shares of the insurance provider’s stock worth $3,096,000 after buying an additional 10 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Markel Group Stock Down 0.1 %

Markel Group stock opened at $1,808.24 on Friday. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,815.57. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of 8.34 and a beta of 0.78. 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 50 day simple moving average of $1,736.21 and a 200 day simple moving average of $1,629.25.

Markel Group (NYSE:MKL) last released its quarterly 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). The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, analysts predict that Markel Group Inc. will post 86.92 earnings per share 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.