Pzena Investment Management LLC Acquires 74 Shares of Markel Group Inc. (NYSE:MKL)

Pzena Investment Management LLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 48.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227 shares of the insurance provider’s stock after buying an additional 74 shares during the quarter. Pzena Investment Management LLC’s holdings in Markel Group were worth $322,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MKL. Norges Bank bought a new stake in Markel Group during the fourth quarter valued at approximately $214,216,000. Boston Partners lifted its holdings in Markel Group by 400.1% during the fourth quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after purchasing an additional 125,507 shares in the last quarter. Jennison Associates LLC lifted its holdings in Markel Group by 111.3% during the fourth quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after purchasing an additional 41,086 shares in the last quarter. Invesco Ltd. lifted its holdings in Markel Group by 109.6% during the third quarter. Invesco Ltd. now owns 69,272 shares of the insurance provider’s stock valued at $102,002,000 after purchasing an additional 36,215 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Markel Group by 104.6% during the third quarter. Envestnet Asset Management Inc. now owns 51,669 shares of the insurance provider’s stock valued at $76,082,000 after purchasing an additional 26,418 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Down 0.8 %

Shares of NYSE MKL traded down $13.13 during mid-day trading on Thursday, reaching $1,634.93. The company had a trading volume of 7,007 shares, compared to its average volume of 46,684. The business’s 50-day moving average is $1,526.73 and its 200-day moving average is $1,462.73. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The stock has a market cap of $21.25 billion, a price-to-earnings ratio of 8.90 and a beta of 0.69. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.62 billion. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. Equities analysts expect that Markel Group Inc. will post 83.47 earnings per share for the current year.

Analysts Set New Price Targets

MKL has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Finally, Truist Financial boosted their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,520.00.

About Markel Group

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.