Thompson Davis & CO. Inc. Buys 20 Shares of Markel Group Inc. (NYSE:MKL)

Thompson Davis & CO. Inc. increased its stake in Markel Group Inc. (NYSE:MKL) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216 shares of the insurance provider’s stock after buying an additional 20 shares during the period. Thompson Davis & CO. Inc.’s holdings in Markel Group were worth $339,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp grew its holdings 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. UMB Bank n.a. grew its stake in Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Markel Group in the second quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Markel Group during the second quarter valued at $55,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Markel Group during the second quarter valued at $65,000. 77.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on MKL shares. Jefferies Financial Group increased 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. Citigroup upped their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Royal Bank of Canada lowered their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,670.71 on Wednesday. The firm has a market capitalization of $21.49 billion, a PE ratio of 7.71 and a beta of 0.73. The company has a 50 day moving average price of $1,584.11 and a 200-day moving average price of $1,583.15. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,733.58. 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 announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 net margin of 17.03% and a return on equity of 10.86%. As a group, equities research analysts expect that Markel Group Inc. will post 89.27 earnings per share for the current year.

Markel Group Company 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.