Markel Group Inc. (NYSE:MKL) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,315 shares of the insurance provider's stock after selling 143 shares during the quarter. Markel Group comprises approximately 1.9% of Court Place Advisors LLC's investment portfolio, making the stock its 15th biggest position. Court Place Advisors LLC's holdings in Markel Group were worth $5,722,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Markel Group in the second quarter valued at approximately $65,000. Squarepoint Ops LLC lifted its stake in Markel Group by 23.1% in the second quarter. Squarepoint Ops LLC now owns 3,401 shares of the insurance provider's stock worth $5,359,000 after acquiring an additional 638 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Markel Group in the 2nd quarter valued at $45,000. MBB Public Markets I LLC purchased a new stake in shares of Markel Group during the 2nd quarter worth $1,417,000. Finally, Scientech Research LLC acquired a new position in shares of Markel Group during the second quarter worth $473,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Performance

NYSE MKL traded down $3.38 during trading on Tuesday, reaching $1,828.83. The company's stock had a trading volume of 49,030 shares, compared to its average volume of 72,078. The business's fifty day moving average price is $1,745.78 and its 200-day moving average price is $1,636.77. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,842.48. 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 firm has a market cap of $23.52 billion, a price-to-earnings ratio of 8.44 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.74 billion. As a group, analysts anticipate that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MKL shares. Royal Bank of Canada decreased 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 downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Monday. TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Jefferies Financial Group upped their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Markel Group has a consensus rating of "Hold" and an average price target of $1,626.83.

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.