Markel Group Inc. (NYSE:MKL) Shares Purchased by Cumberland Partners Ltd

Cumberland Partners Ltd increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 142.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 850 shares of the insurance provider's stock after purchasing an additional 500 shares during the quarter. Cumberland Partners Ltd's holdings in Markel Group were worth $1,333,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in MKL. Boston Partners increased its position in shares of Markel Group by 36.7% during the first quarter. Boston Partners now owns 214,400 shares of the insurance provider's stock worth $326,124,000 after purchasing an additional 57,528 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in Markel Group by 15.4% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider's stock valued at $134,320,000 after buying an additional 11,357 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider's stock valued at $17,223,000 after buying an additional 10,973 shares in the last quarter. Marshall Wace LLP purchased a new stake in Markel Group in the 2nd quarter valued at $15,596,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in Markel Group by 52.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider's stock valued at $35,202,000 after buying an additional 7,659 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.1 %

Shares of NYSE MKL traded up $0.98 during mid-day trading on Wednesday, reaching $1,655.49. 74,390 shares of the company's stock were exchanged, compared to its average volume of 42,928. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 7.64 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,676.56. The company's 50-day moving average is $1,572.70 and its 200-day moving average is $1,577.37.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results 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). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Analysts expect that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Jefferies Financial Group upped their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Citigroup upped their target price on 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, Royal Bank of Canada lowered 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Markel Group has an average rating of "Hold" and an average price target of $1,651.83.

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.