Confluence Investment Management LLC Trims Stock Holdings in Markel Group Inc. (NYSE:MKL)

Confluence Investment Management LLC trimmed its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,434 shares of the insurance provider's stock after selling 4,233 shares during the quarter. Confluence Investment Management LLC owned approximately 0.27% of Markel Group worth $54,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MKL. Concurrent Investment Advisors LLC increased its holdings in Markel Group by 3.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 462 shares of the insurance provider's stock valued at $725,000 after acquiring an additional 17 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in shares of Markel Group by 323.4% in the third quarter. Crestwood Advisors Group LLC now owns 1,084 shares of the insurance provider's stock worth $1,700,000 after buying an additional 828 shares in the last quarter. Solitude Financial Services boosted its stake in Markel Group by 43.3% during the third quarter. Solitude Financial Services now owns 1,075 shares of the insurance provider's stock valued at $1,686,000 after buying an additional 325 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Markel Group by 5.9% during the 3rd quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider's stock valued at $422,000 after buying an additional 15 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Markel Group by 8.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 5,084 shares of the insurance provider's stock worth $7,975,000 after acquiring an additional 404 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MKL shares. Jefferies Financial Group raised their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada reduced their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating on the stock in a report on Friday, November 1st. Citigroup increased their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Monday. 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $1,651.83.

Markel Group Stock Up 0.7 %

Markel Group stock traded up $12.22 during midday trading on Friday, hitting $1,648.37. 40,707 shares of the company's stock were exchanged, compared to its average volume of 42,807. 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 company has a market cap of $21.20 billion, a PE ratio of 7.60 and a beta of 0.73. The firm has a 50-day moving average of $1,569.99 and a two-hundred day moving average of $1,572.97. Markel Group Inc. has a 12 month low of $1,325.00 and a 12 month high of $1,675.51.

Markel Group (NYSE:MKL - Get Free Report) last issued 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 company had revenue of $3.69 billion for the quarter, compared to the consensus estimate 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 expect that Markel Group Inc. will post 89.27 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.