Fmr LLC Cuts Position in Markel Group Inc. (NYSE:MKL)

Fmr LLC lessened its holdings in Markel Group Inc. (NYSE:MKL) by 39.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,744 shares of the insurance provider’s stock after selling 5,080 shares during the quarter. Fmr LLC owned about 0.06% of Markel Group worth $12,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can grew its holdings in shares of Markel Group by 1.8% during the third quarter. Bank of Montreal Can now owns 3,697 shares of the insurance provider’s stock valued at $5,801,000 after buying an additional 66 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Markel Group by 82.6% during the third quarter. Brown Brothers Harriman & Co. now owns 126 shares of the insurance provider’s stock valued at $198,000 after buying an additional 57 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Markel Group by 12.5% during the third quarter. Daiwa Securities Group Inc. now owns 990 shares of the insurance provider’s stock valued at $1,553,000 after buying an additional 110 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of Markel Group by 0.6% during the third quarter. Centaurus Financial Inc. now owns 2,276 shares of the insurance provider’s stock valued at $3,570,000 after buying an additional 13 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in shares of Markel Group during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group increased 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 report on Wednesday, October 9th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada decreased their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Performance

MKL opened at $1,757.22 on Thursday. The stock has a market capitalization of $22.60 billion, a price-to-earnings ratio of 8.11 and a beta of 0.77. The company has a fifty day moving average of $1,647.87 and a 200 day moving average of $1,597.81. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. As a group, sell-side analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

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.