Hunter Associates Investment Management LLC Has $890,000 Position in Markel Group Inc. (NYSE:MKL)

Hunter Associates Investment Management LLC lessened its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 515 shares of the insurance provider's stock after selling 230 shares during the quarter. Hunter Associates Investment Management LLC's holdings in Markel Group were worth $890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd increased its stake in shares of Markel Group by 175.0% in the fourth quarter. Mediolanum International Funds Ltd now owns 6,452 shares of the insurance provider's stock worth $11,104,000 after acquiring an additional 4,106 shares during the last quarter. Gilbert & Cook Inc. increased its position in Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock worth $739,000 after purchasing an additional 7 shares during the last quarter. Allen Capital Group LLC purchased a new stake in shares of Markel Group during the 4th quarter worth about $307,000. Forsta AP Fonden lifted its holdings in shares of Markel Group by 6.5% during the 4th quarter. Forsta AP Fonden now owns 1,960 shares of the insurance provider's stock valued at $3,383,000 after buying an additional 120 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN grew its stake in shares of Markel Group by 0.5% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 8,027 shares of the insurance provider's stock valued at $13,856,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MKL shares. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group lifted 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. Royal Bank of Canada lowered 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 report on Friday, November 1st. Finally, TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $1,626.83.

Markel Group Stock Up 1.6 %

MKL stock opened at $1,831.59 on Friday. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of 8.45 and a beta of 0.78. The company has a 50-day moving average of $1,747.98 and a two-hundred day moving average of $1,637.94. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,842.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last released its 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). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, equities research analysts anticipate that Markel Group Inc. will post 86.92 EPS for the current year.

Markel Group Profile

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.

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