Caisse DE Depot ET Placement DU Quebec Buys 14,507 Shares of Markel Group Inc. (NYSE:MKL)

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 3,729.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,896 shares of the insurance provider's stock after purchasing an additional 14,507 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.12% of Markel Group worth $23,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MKL. Gold Investment Management Ltd. raised 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. Epic Trust Investment Advisors LLC increased its holdings in shares of Markel Group by 4.6% during the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider's stock valued at $285,000 after acquiring an additional 8 shares in the last quarter. Freedom Day Solutions LLC raised 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 purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC lifted its holdings in shares of Markel Group by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock worth $1,170,000 after purchasing an additional 8 shares in the last quarter. Finally, Financial Advocates Investment Management grew its position in Markel Group by 3.2% in the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider's stock valued at $406,000 after purchasing an additional 8 shares during the period. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

Shares of Markel Group stock traded down $18.44 during mid-day trading on Monday, hitting $1,764.48. 65,986 shares of the stock were exchanged, compared to its average volume of 43,382. The company has a market capitalization of $22.69 billion, a P/E ratio of 8.14 and a beta of 0.73. 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 company has a 50-day simple moving average of $1,621.80 and a 200 day simple moving average of $1,591.76. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,809.11.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Sell-side analysts anticipate that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MKL shares. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday. Royal Bank of Canada cut their price target on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a research note on Friday, November 1st. Finally, Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently 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.