Cathy Pareto & Associates Inc. Makes New $235,000 Investment in Markel Group Inc. (NYSE:MKL)

Cathy Pareto & Associates Inc. acquired a new stake in Markel Group Inc. (NYSE:MKL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 136 shares of the insurance provider’s stock, valued at approximately $235,000.

A number of other hedge funds also recently made changes to their positions in the company. Empirical Asset Management LLC acquired a new stake in Markel Group during the 4th quarter valued at $54,173,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Markel Group by 3,729.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after purchasing an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Markel Group by 167.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock valued at $38,687,000 after purchasing an additional 14,022 shares in the last quarter. State Street Corp lifted its position in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after buying an additional 10,973 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MKL. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group lifted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Finally, Royal Bank of Canada decreased their target price on 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,810.98 on Monday. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,817.81. 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 company has a market cap of $23.29 billion, a PE ratio of 8.35 and a beta of 0.78. The stock has a 50 day simple moving average of $1,740.16 and a 200-day simple moving average of $1,633.36.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $3.74 billion. On average, equities research analysts forecast that Markel Group Inc. will post 86.92 EPS 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.