Markel Group Inc. (NYSE:MKL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 6.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,585 shares of the insurance provider's stock after selling 395 shares during the quarter. BNP Paribas Financial Markets' holdings in Markel Group were worth $8,761,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MKL. Brooklyn Investment Group purchased a new stake in shares of Markel Group in the 3rd quarter valued at $31,000. Toth Financial Advisory Corp boosted its holdings in 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 purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Markel Group during the 3rd quarter worth about $36,000. UMB Bank n.a. raised its stake in shares of Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after buying an additional 25 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Markel Group in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on MKL. TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note 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 report on Wednesday, October 9th. Finally, Royal Bank of Canada decreased their price objective 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 report on Friday, November 1st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $1,626.83.

Markel Group Price Performance

Shares of MKL stock traded down $13.90 on Tuesday, reaching $1,750.58. 25,594 shares of the company were exchanged, compared to its average volume of 43,300. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business has a 50-day moving average price of $1,621.80 and a 200 day moving average price of $1,591.76. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 8.09 and a beta of 0.77.

Markel Group (NYSE:MKL - Get Free Report) last announced its 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). The firm had revenue of $3.69 billion for 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%. Equities research analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current fiscal 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.