Manchester Financial Inc. Cuts Position in Markel Group Inc. (NYSE:MKL)

Manchester Financial Inc. lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 212 shares of the insurance provider’s stock after selling 9 shares during the period. Manchester Financial Inc.’s holdings in Markel Group were worth $333,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Davis Selected Advisers increased its holdings in Markel Group by 0.3% in the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after purchasing an additional 970 shares in the last quarter. Boston Partners boosted its position in shares of Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after buying an additional 57,528 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after buying an additional 5,310 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Markel Group by 4.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 85,464 shares of the insurance provider’s stock valued at $129,441,000 after buying an additional 3,560 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in Markel Group by 15.4% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after acquiring an additional 11,357 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of Markel Group stock in a transaction on Monday, August 5th. The shares were bought at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the acquisition, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen started coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. Citigroup raised their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Jefferies Financial Group upped their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Stock Down 1.8 %

Shares of NYSE:MKL opened at $1,549.80 on Friday. The firm has a market cap of $20.05 billion, a PE ratio of 10.09 and a beta of 0.73. The company has a fifty day simple moving average of $1,568.28 and a 200 day simple moving average of $1,564.34. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping the consensus estimate of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. On average, equities research analysts anticipate that Markel Group Inc. will post 91.55 EPS for the current fiscal year.

Markel Group 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.