Markel Group Inc. (NYSE:MKL) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,054 shares of the insurance provider's stock after purchasing an additional 10,254 shares during the period. Geode Capital Management LLC owned approximately 1.63% of Markel Group worth $327,131,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MKL. Gold Investment Management Ltd. increased its stake in Markel Group by 0.6% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider's stock worth $1,912,000 after buying an additional 7 shares during the period. Freedom Day Solutions LLC increased its position in shares of Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider's stock worth $2,326,000 after acquiring an additional 8 shares during the last quarter. Hunter Associates Investment Management LLC lifted its stake in shares of Markel Group by 1.1% in the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock worth $1,170,000 after acquiring an additional 8 shares in the last quarter. Financial Advocates Investment Management lifted its stake in shares of Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider's stock worth $406,000 after acquiring an additional 8 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Markel Group by 1.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 910 shares of the insurance provider's stock valued at $1,434,000 after purchasing an additional 10 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Performance

Markel Group stock traded down $7.00 during mid-day trading on Friday, reaching $1,735.79. The company's stock had a trading volume of 49,442 shares, compared to its average volume of 43,884. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 8.01 and a beta of 0.77. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. The business has a 50 day moving average price of $1,654.10 and a 200-day moving average price of $1,599.60. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly 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 company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Sell-side analysts predict that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MKL shares. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and cut their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada cut 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 research note on Friday, November 1st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.