Parisi Gray Wealth Management Purchases 12 Shares of Markel Group Inc. (NYSE:MKL)

Parisi Gray Wealth Management lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 601 shares of the insurance provider’s stock after acquiring an additional 12 shares during the period. Parisi Gray Wealth Management’s holdings in Markel Group were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MKL. Caisse DE Depot ET Placement DU Quebec increased its position in Markel Group by 3,729.3% during 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 in the last quarter. State Street Corp increased its holdings 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 buying an additional 13,372 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of 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 worth $17,223,000 after buying an additional 10,973 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after acquiring an additional 10,254 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Markel Group during the 2nd quarter valued at $15,596,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.4 %

NYSE:MKL traded up $7.32 on Monday, reaching $1,667.46. 77,502 shares of the stock traded hands, compared to its average volume of 55,443. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The company’s 50 day moving average is $1,715.15 and its 200-day moving average is $1,618.80. The firm has a market capitalization of $21.45 billion, a price-to-earnings ratio of 7.69 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Equities research analysts anticipate that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Markel Group 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.