Fmr LLC Sells 5,080 Shares of Markel Group Inc. (NYSE:MKL)

FMR LLC trimmed its position in Markel Group Inc. (NYSE:MKL - Free Report) by 39.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,744 shares of the insurance provider's stock after selling 5,080 shares during the period. FMR LLC owned approximately 0.06% of Markel Group worth $12,147,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider's stock worth $15,574,000 after purchasing an additional 558 shares during the period. Solitude Financial Services acquired a new stake in shares of Markel Group during the 2nd quarter valued at $1,182,000. SpiderRock Advisors LLC lifted its position in shares of Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider's stock valued at $742,000 after acquiring an additional 315 shares during the last quarter. Versor Investments LP lifted its position in shares of Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider's stock valued at $598,000 after acquiring an additional 160 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Markel Group during the 2nd quarter valued at $2,803,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Down 0.7 %

Shares of NYSE MKL traded down $12.22 during mid-day trading on Thursday, reaching $1,745.00. The company had a trading volume of 24,165 shares, compared to its average volume of 43,795. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. 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 stock has a market capitalization of $22.44 billion, a PE ratio of 8.11 and a beta of 0.77. The stock's 50 day moving average is $1,647.87 and its 200-day moving average is $1,597.81.

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

Analyst Ratings Changes

A number of brokerages have recently commented on MKL. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Jefferies Financial Group increased 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. Royal Bank of Canada reduced their target price 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. Finally, StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, Markel Group presently has a consensus rating of "Hold" and a consensus target price 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.