Bank Julius Baer & Co. Ltd Zurich Reduces Position in Markel Group Inc. $MKL

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,434 shares of the insurance provider’s stock after selling 2,401 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.58% of Markel Group worth $147,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Prudential PLC lifted its position in shares of Markel Group by 113.2% during the second quarter. Prudential PLC now owns 339 shares of the insurance provider’s stock worth $677,000 after purchasing an additional 180 shares during the last quarter. Bradyco Inc. increased its stake in Markel Group by 22.1% in the 2nd quarter. Bradyco Inc. now owns 2,739 shares of the insurance provider’s stock worth $5,471,000 after buying an additional 495 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in Markel Group during the 2nd quarter valued at about $3,172,000. Quilter Plc boosted its position in Markel Group by 1.4% in the 2nd quarter. Quilter Plc now owns 34,219 shares of the insurance provider’s stock valued at $68,348,000 after buying an additional 465 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in Markel Group by 1.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock worth $692,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the subject of several research analyst reports. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,930.50.

Markel Group Stock Up 0.4%

Shares of MKL opened at $2,041.81 on Tuesday. The firm has a market cap of $25.75 billion, a P/E ratio of 12.78 and a beta of 0.77. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,109.91. The stock’s 50 day moving average is $1,954.82 and its two-hundred day moving average is $1,953.90. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. Analysts predict that Markel Group Inc. will post 96.25 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.