Public Sector Pension Investment Board Lowers Holdings in Markel Group Inc. (NYSE:MKL)

Public Sector Pension Investment Board lessened its stake in Markel Group Inc. (NYSE:MKL) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,709 shares of the insurance provider’s stock after selling 10 shares during the quarter. Public Sector Pension Investment Board’s holdings in Markel Group were worth $2,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of MKL. Brooklyn Investment Group purchased a new position in Markel Group in the 3rd quarter worth about $31,000. Toth Financial Advisory Corp raised its position in 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 purchased a new position in Markel Group in the 3rd quarter worth about $36,000. UMB Bank n.a. raised its position in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $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 in the 2nd quarter worth about $45,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada decreased their target price on 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. Jefferies Financial Group boosted their price target 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. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, TD Cowen downgraded 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 research note on Monday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Trading Up 0.1 %

Markel Group stock opened at $1,747.52 on Thursday. The firm has a 50 day moving average of $1,629.10 and a 200 day moving average of $1,593.44. The firm has a market capitalization of $22.47 billion, a price-to-earnings ratio of 8.06 and a beta of 0.77. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last released its earnings results 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 firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, research analysts predict that Markel Group Inc. will post 88.52 earnings per share for the current year.

About Markel Group

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.