Amalgamated Bank Sells 741 Shares of Markel Group Inc. (NYSE:MKL)

Amalgamated Bank decreased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 48.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 786 shares of the insurance provider's stock after selling 741 shares during the period. Amalgamated Bank's holdings in Markel Group were worth $1,233,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Toth Financial Advisory Corp grew its holdings in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after buying an additional 20 shares in the last quarter. UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Markel Group in the second quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Markel Group during the second quarter worth about $55,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Markel Group in the 2nd quarter worth approximately $65,000. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

Shares of MKL stock traded up $47.15 during trading on Thursday, hitting $1,702.51. The company had a trading volume of 41,587 shares, compared to its average volume of 42,922. The stock's 50-day moving average is $1,574.49 and its two-hundred day moving average is $1,577.92. The stock has a market capitalization of $21.89 billion, a price-to-earnings ratio of 7.86 and a beta of 0.73. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,713.99. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.69 billion for 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%. As a group, analysts predict that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised their price objective 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 cut their price target on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. StockNews.com upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Finally, Citigroup raised their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Markel Group has a consensus rating of "Hold" and an average target price of $1,651.83.

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.