Markel Group Inc. (NYSE:MKL) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,616 shares of the insurance provider’s stock after selling 169 shares during the quarter. Markel Group comprises about 6.4% of Lincoln Capital LLC’s portfolio, making the stock its 5th biggest holding. Lincoln Capital LLC owned about 0.14% of Markel Group worth $30,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MKL. Brooklyn Investment Group acquired a new stake in Markel Group in the 3rd quarter valued at about $31,000. Toth Financial Advisory Corp lifted its position in shares of Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after buying an additional 20 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group during the 3rd quarter worth approximately $42,000. Finally, UMB Bank n.a. raised its stake in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 25 shares during the period. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MKL. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Jefferies Financial Group lifted 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 report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Markel Group has a consensus rating of “Hold” and an average target price of $1,626.83.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,776.14 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 stock has a market capitalization of $22.84 billion, a price-to-earnings ratio of 8.19 and a beta of 0.78. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. The company has a 50-day simple moving average of $1,727.94 and a two-hundred day simple moving average of $1,624.58.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Analysts forecast that Markel Group Inc. will post 86.92 EPS for the current 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.