Parsons Capital Management Inc. RI Sells 10 Shares of Markel Group Inc. (NYSE:MKL)

Parsons Capital Management Inc. RI lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 4.8% in the 4th quarter, Holdings Channel reports. The firm owned 200 shares of the insurance provider’s stock after selling 10 shares during the period. Parsons Capital Management Inc. RI’s holdings in Markel Group were worth $345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Buttonwood Financial Advisors Inc. boosted its stake in shares of Markel Group by 3.9% during the 4th quarter. Buttonwood Financial Advisors Inc. now owns 2,877 shares of the insurance provider’s stock worth $4,967,000 after purchasing an additional 107 shares during the period. Blue Trust Inc. increased its stake in shares of Markel Group by 22.6% during the fourth quarter. Blue Trust Inc. now owns 239 shares of the insurance provider’s stock valued at $413,000 after buying an additional 44 shares during the period. Cathy Pareto & Associates Inc. bought a new stake in shares of Markel Group in the fourth quarter valued at about $235,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Markel Group by 41.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 253 shares of the insurance provider’s stock worth $437,000 after acquiring an additional 74 shares during the period. Finally, Regency Capital Management Inc. DE lifted its stake in Markel Group by 4.9% in the fourth quarter. Regency Capital Management Inc. DE now owns 6,947 shares of the insurance provider’s stock worth $11,992,000 after acquiring an additional 324 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 0.2 %

Shares of NYSE:MKL opened at $1,828.83 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,842.48. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 8.44 and a beta of 0.78. The business has a 50-day moving average price of $1,745.78 and a 200-day moving average price of $1,636.77.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities analysts predict that Markel Group Inc. will post 86.92 EPS for the current year.

Wall Street Analyst Weigh In

MKL has been the subject of several recent research reports. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group boosted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada cut their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

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.