Janus Henderson Group PLC Sells 1,513 Shares of Markel Group Inc. (NYSE:MKL)

Janus Henderson Group PLC cut its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 9.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,954 shares of the insurance provider's stock after selling 1,513 shares during the quarter. Janus Henderson Group PLC owned 0.11% of Markel Group worth $21,868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. Brooklyn Investment Group acquired a new position in shares of Markel Group during the 3rd quarter worth about $31,000. Toth Financial Advisory Corp raised its stake in Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock valued at $35,000 after buying an additional 20 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the third quarter valued at approximately $36,000. UMB Bank n.a. raised its stake in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after acquiring an additional 25 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Markel Group during the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Price Performance

NYSE:MKL traded down $2.27 during trading hours on Friday, hitting $1,756.77. The company's stock had a trading volume of 60,899 shares, compared to its average volume of 47,198. 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 market capitalization of $22.60 billion, a P/E ratio of 8.10 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 stock has a fifty day simple moving average of $1,636.60 and a 200-day simple moving average of $1,594.75.

Markel Group (NYSE:MKL - Get Free Report) last announced 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 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%. On average, analysts anticipate that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the subject of several research analyst reports. 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 for the company 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. Jefferies Financial Group upped their price target 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. Finally, TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One research 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 has an average rating of "Hold" and an average 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.