Martingale Asset Management L P Sells 1,624 Shares of Markel Group Inc. (NYSE:MKL)

Martingale Asset Management L P cut its position in shares of Markel Group Inc. (NYSE:MKL) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,530 shares of the insurance provider’s stock after selling 1,624 shares during the quarter. Martingale Asset Management L P’s holdings in Markel Group were worth $25,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Markel Group during the third quarter valued at approximately $31,000. Toth Financial Advisory Corp boosted its position in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. Larson Financial Group LLC purchased a new position in Markel Group during the third quarter valued at $36,000. UMB Bank n.a. raised its stake in Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after buying an additional 25 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Markel Group during the second quarter valued at $45,000. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MKL. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada lowered their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, Jefferies Financial Group lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Stock Up 0.5 %

MKL stock opened at $1,785.11 on Friday. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The business has a fifty day moving average price of $1,613.70 and a 200-day moving average price of $1,590.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $22.96 billion, a P/E ratio of 8.23 and a beta of 0.73.

Markel Group (NYSE:MKL) last posted 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). The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current fiscal 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.