International Assets Investment Management LLC Buys Shares of 12,779 Markel Group Inc. (NYSE:MKL)

International Assets Investment Management LLC bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 12,779 shares of the insurance provider's stock, valued at approximately $18,145,000. International Assets Investment Management LLC owned about 0.10% of Markel Group at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bleakley Financial Group LLC lifted its stake in Markel Group by 13.6% in the fourth quarter. Bleakley Financial Group LLC now owns 184 shares of the insurance provider's stock valued at $261,000 after buying an additional 22 shares during the last quarter. Equitable Trust Co. boosted its stake in Markel Group by 8.7% during the 4th quarter. Equitable Trust Co. now owns 200 shares of the insurance provider's stock worth $284,000 after purchasing an additional 16 shares during the period. Pavion Blue Capital LLC grew its position in Markel Group by 46.8% during the 4th quarter. Pavion Blue Capital LLC now owns 1,110 shares of the insurance provider's stock worth $1,576,000 after purchasing an additional 354 shares during the last quarter. Arlington Trust Co LLC increased its stake in Markel Group by 1,083.3% in the fourth quarter. Arlington Trust Co LLC now owns 142 shares of the insurance provider's stock valued at $202,000 after purchasing an additional 130 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Markel Group by 5.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,669 shares of the insurance provider's stock valued at $2,349,000 after buying an additional 84 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of MKL traded up $4.51 during mid-day trading on Friday, hitting $1,581.06. The company's stock had a trading volume of 53,246 shares, compared to its average volume of 45,557. The company has a current ratio of 0.61, a quick ratio of 0.62 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $1,488.09 and a 200 day simple moving average of $1,444.75. The firm has a market capitalization of $20.55 billion, a P/E ratio of 8.54 and a beta of 0.69. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,588.31.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.75 billion. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. Analysts predict that Markel Group Inc. will post 80.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on MKL shares. Truist Financial upped their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the company a "hold" rating in a research note on Friday. Janney Montgomery Scott reiterated a "neutral" rating and issued a $1,600.00 price objective on shares of Markel Group in a research report on Friday, March 15th. Royal Bank of Canada upped their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a "sector perform" rating in a research report on Friday. Finally, Jefferies Financial Group cut shares of Markel Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1,520.00.

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.