National Bank of Canada FI Grows Holdings in Markel Group Inc. (NYSE:MKL)

National Bank of Canada FI boosted its position in Markel Group Inc. (NYSE:MKL) by 9.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,429 shares of the insurance provider’s stock after purchasing an additional 211 shares during the period. National Bank of Canada FI’s holdings in Markel Group were worth $3,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKL. Swedbank AB increased its position in shares of Markel Group by 19.4% during the second quarter. Swedbank AB now owns 1,932 shares of the insurance provider’s stock valued at $3,044,000 after acquiring an additional 314 shares during the last quarter. Fiduciary Financial Group LLC bought a new stake in shares of Markel Group during the 2nd quarter worth $333,000. Assenagon Asset Management S.A. raised its stake in shares of Markel Group by 6.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after purchasing an additional 558 shares during the period. Baker Tilly Wealth Management LLC boosted its holdings in shares of Markel Group by 5.3% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider’s stock worth $312,000 after buying an additional 10 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Markel Group by 395.5% during the second quarter. Blue Trust Inc. now owns 109 shares of the insurance provider’s stock valued at $166,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,742.77 on Friday. The company’s 50 day simple moving average is $1,651.42 and its two-hundred day simple moving average is $1,598.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,809.11. The stock has a market capitalization of $22.42 billion, a PE ratio of 8.04 and a beta of 0.77.

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). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MKL. TD Cowen lowered 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. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Royal Bank of Canada dropped their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, Jefferies Financial Group lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

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.