State Street Corp Purchases 13,372 Shares of Markel Group Inc. (NYSE:MKL)

State Street Corp lifted its position in Markel Group Inc. (NYSE:MKL) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 329,209 shares of the insurance provider’s stock after buying an additional 13,372 shares during the period. State Street Corp owned about 2.56% of Markel Group worth $516,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its position in Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after purchasing an additional 14,507 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its position in Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after purchasing an additional 11,357 shares during the period. International Assets Investment Management LLC lifted its position in Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the period. Marshall Wace LLP bought a new position in Markel Group during the second quarter valued at approximately $15,596,000. Finally, D. E. Shaw & Co. Inc. lifted its position in Markel Group by 52.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider’s stock valued at $35,202,000 after purchasing an additional 7,659 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,756.77 on Monday. The firm has a fifty day moving average price of $1,636.60 and a 200-day moving average price of $1,594.75. 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 cap of $22.60 billion, a PE ratio of 8.10 and a beta of 0.77. 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 announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities analysts anticipate that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Jefferies Financial Group increased their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada decreased 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 research report on Friday, November 1st. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, Markel Group currently has an average rating of “Hold” and an average price target of $1,626.83.

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.