Commerce Bank Lowers Stock Position in Markel Group Inc. (NYSE:MKL)

Commerce Bank reduced its position in Markel Group Inc. (NYSE:MKL - Free Report) by 31.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,081 shares of the insurance provider's stock after selling 506 shares during the period. Commerce Bank's holdings in Markel Group were worth $1,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Thompson Davis & CO. Inc. raised its holdings in shares of Markel Group by 10.2% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 216 shares of the insurance provider's stock worth $339,000 after acquiring an additional 20 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Markel Group by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 6,161 shares of the insurance provider's stock valued at $9,664,000 after purchasing an additional 67 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Markel Group in the 3rd quarter worth $551,000. Pathstone Holdings LLC increased its holdings in shares of Markel Group by 2.5% in the 3rd quarter. Pathstone Holdings LLC now owns 2,550 shares of the insurance provider's stock worth $4,000,000 after buying an additional 63 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Markel Group by 66.2% in the 3rd quarter. Quest Partners LLC now owns 2,373 shares of the insurance provider's stock valued at $3,722,000 after acquiring an additional 945 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Royal Bank of Canada cut their target price on 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, Jefferies Financial Group raised their price target 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, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1,651.83.

Markel Group Trading Up 1.8 %

Shares of NYSE:MKL traded up $31.55 on Friday, hitting $1,750.00. 36,176 shares of the company's stock were exchanged, compared to its average volume of 56,729. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 8.07 and a beta of 0.73. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,751.35. 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 business's 50 day simple moving average is $1,597.58 and its two-hundred day simple moving average is $1,586.38.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.69 billion during 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%. Analysts anticipate that Markel Group Inc. will post 88.52 EPS for the current fiscal year.

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.