American Trust Sells 7 Shares of Markel Group Inc. (NYSE:MKL)

American Trust cut its position in shares of Markel Group Inc. (NYSE:MKL) by 4.0% during the third quarter, Holdings Channel reports. The institutional investor owned 169 shares of the insurance provider’s stock after selling 7 shares during the quarter. American Trust’s holdings in Markel Group were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKL. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Markel Group by 3,729.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after acquiring an additional 14,507 shares during the period. State Street Corp lifted its position in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its position in Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after purchasing an additional 11,357 shares during the period. International Assets Investment Management LLC boosted its stake 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 worth $17,223,000 after buying an additional 10,973 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after buying an additional 10,254 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,737.07 on Friday. The stock has a market capitalization of $22.34 billion, a price-to-earnings ratio of 8.01 and a beta of 0.77. The firm’s 50-day moving average price is $1,651.42 and its two-hundred day moving average price is $1,598.82. 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 Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11.

Markel Group (NYSE:MKL) last released its quarterly 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). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. On average, equities analysts predict 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 subject of a number of analyst reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Royal Bank of Canada cut 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 note on Friday, November 1st. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Jefferies Financial Group raised their target price on 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.