First Hawaiian Bank Decreases Stock Holdings in Markel Group Inc. (NYSE:MKL)

First Hawaiian Bank cut its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 858 shares of the insurance provider's stock after selling 427 shares during the quarter. First Hawaiian Bank's holdings in Markel Group were worth $1,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Brooklyn Investment Group bought a new position in shares of Markel Group in the third quarter worth about $31,000. Toth Financial Advisory Corp lifted its holdings in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after purchasing an additional 20 shares in the last quarter. Larson Financial Group LLC bought a new position in Markel Group in the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group during the 3rd quarter valued at approximately $42,000. Finally, UMB Bank n.a. raised its position in shares of Markel Group by 833.3% during the third 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. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Monday, December 30th. Royal Bank of Canada dropped 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 report on Friday, November 1st. Jefferies Financial Group lifted their target price on 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, TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $1,626.83.

Markel Group Trading Down 2.7 %

Shares of NYSE:MKL traded down $45.80 during trading on Friday, hitting $1,661.93. The company had a trading volume of 54,427 shares, compared to its average volume of 51,771. The stock has a market cap of $21.38 billion, a price-to-earnings ratio of 7.67 and a beta of 0.78. 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 company has a fifty day simple moving average of $1,712.76 and a two-hundred day simple moving average of $1,617.71. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,809.11.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. As a group, equities analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current 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.