XTX Topco Ltd Purchases New Shares in Markel Group Inc. (NYSE:MKL)

XTX Topco Ltd acquired a new position in Markel Group Inc. (NYSE:MKL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 901 shares of the insurance provider’s stock, valued at approximately $1,413,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Markel Group in the third quarter worth about $31,000. Toth Financial Advisory Corp grew its stake in shares of Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new position in Markel Group during the 3rd quarter valued at approximately $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. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MKL. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Jefferies Financial Group upped their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reduced their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,756.77 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $1,636.60 and its 200-day moving average price is $1,594.75. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The company has a market cap of $22.59 billion, a PE ratio of 8.10 and a beta of 0.77.

Markel Group (NYSE:MKL) last posted its earnings results 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 company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, analysts anticipate that Markel Group Inc. will post 86.73 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.