Evergreen Wealth Management LLC Grows Holdings in Markel Group Inc. (NYSE:MKL)

Evergreen Wealth Management LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,183 shares of the insurance provider’s stock after buying an additional 55 shares during the period. Markel Group makes up approximately 3.3% of Evergreen Wealth Management LLC’s holdings, making the stock its 8th largest holding. Evergreen Wealth Management LLC’s holdings in Markel Group were worth $4,519,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC bought a new position in Markel Group in the 3rd quarter valued at $203,000. Cambridge Investment Research Advisors Inc. increased its stake in Markel Group by 6.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,875 shares of the insurance provider’s stock worth $2,761,000 after buying an additional 111 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Markel Group by 43.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,859 shares of the insurance provider’s stock valued at $4,210,000 after buying an additional 864 shares in the last quarter. Xponance Inc. boosted its position in Markel Group by 16.5% in the 3rd quarter. Xponance Inc. now owns 545 shares of the insurance provider’s stock valued at $803,000 after buying an additional 77 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Markel Group by 4.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 25,017 shares of the insurance provider’s stock worth $36,837,000 after acquiring an additional 1,061 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of 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 target price on shares of Markel Group in a report on Friday, March 15th. Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Finally, Royal Bank of Canada lifted their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average price target of $1,520.00.

Markel Group Stock Up 0.3 %

Markel Group stock traded up $4.51 during trading hours on Friday, reaching $1,581.06. The stock had a trading volume of 53,246 shares, compared to its average volume of 45,557. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,588.31. The company has a market cap of $20.55 billion, a price-to-earnings ratio of 8.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.62. The business’s 50 day moving average price is $1,488.09 and its 200-day moving average price is $1,445.11.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Sell-side analysts anticipate that Markel Group Inc. will post 80.08 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.