Markel Group Inc. (NYSE:MKL) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its position in Markel Group Inc. (NYSE:MKL) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,473 shares of the insurance provider’s stock after selling 961 shares during the period. Confluence Investment Management LLC owned approximately 0.26% of Markel Group worth $57,783,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Markel Group in the second quarter valued at about $87,000. Commonwealth Equity Services LLC boosted its stake in shares of Markel Group by 0.9% in the second quarter. Commonwealth Equity Services LLC now owns 4,269 shares of the insurance provider’s stock valued at $6,727,000 after buying an additional 40 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Markel Group by 2.5% during the second quarter. CIBC Asset Management Inc now owns 446 shares of the insurance provider’s stock worth $703,000 after acquiring an additional 11 shares during the period. Versor Investments LP purchased a new position in Markel Group in the second quarter worth $348,000. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in Markel Group in the second quarter valued at $306,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

MKL stock traded down $2.32 on Thursday, reaching $1,723.91. The company had a trading volume of 7,919 shares, compared to its average volume of 43,950. The company’s fifty day moving average is $1,694.88 and its 200 day moving average is $1,611.92. The company has a market cap of $22.17 billion, a P/E ratio of 7.95 and a beta of 0.77. 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 Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,809.11.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). The company had revenue of $3.69 billion during 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%. On average, research analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MKL. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada decreased their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group upped their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,626.83.

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.