Markel Group Inc. (NYSE:MKL) Stake Cut by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 34.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,613 shares of the insurance provider's stock after selling 1,394 shares during the quarter. Jane Street Group LLC's holdings in Markel Group were worth $4,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management grew its stake in shares of Markel Group by 14.6% during the 2nd quarter. Dakota Wealth Management now owns 236 shares of the insurance provider's stock valued at $372,000 after buying an additional 30 shares during the period. &PARTNERS purchased a new position in shares of Markel Group in the 2nd quarter worth about $402,000. Goldstein Advisors LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at about $213,000. Sather Financial Group Inc grew its holdings in shares of Markel Group by 8.0% during the 2nd quarter. Sather Financial Group Inc now owns 28,293 shares of the insurance provider's stock worth $44,580,000 after purchasing an additional 2,085 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in Markel Group by 15.4% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider's stock worth $134,320,000 after purchasing an additional 11,357 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 1.4 %

Shares of MKL stock traded up $22.81 during mid-day trading on Thursday, reaching $1,700.27. 52,495 shares of the company were exchanged, compared to its average volume of 43,941. 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 business's 50 day simple moving average is $1,662.96 and its 200 day simple moving average is $1,601.35. The company has a market capitalization of $21.87 billion, a P/E ratio of 7.84 and a beta of 0.77. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). The company 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%. Research analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MKL. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada reduced 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 report on Friday, November 1st. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group raised their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1,626.83.

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.