Holocene Advisors LP Raises Stock Holdings in Markel Group Inc. (NYSE:MKL)

Holocene Advisors LP lifted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 176.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,811 shares of the insurance provider's stock after buying an additional 1,793 shares during the quarter. Holocene Advisors LP's holdings in Markel Group were worth $4,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MKL. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Markel Group by 3,729.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider's stock worth $23,366,000 after buying an additional 14,507 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its stake in Markel Group by 15.4% in the second 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. International Assets Investment Management LLC grew its stake in Markel Group by 156,757.1% in the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider's stock worth $17,223,000 after purchasing an additional 10,973 shares in the last quarter. Marshall Wace LLP bought a new position in Markel Group in the second quarter worth approximately $15,596,000. Finally, D. E. Shaw & Co. Inc. grew its stake in Markel Group by 52.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider's stock worth $35,202,000 after purchasing an additional 7,659 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday. Royal Bank of Canada dropped their target price on 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, Jefferies Financial Group increased their target price 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 given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1,626.83.

Markel Group Stock Up 0.7 %

Shares of Markel Group stock traded up $12.00 during trading on Thursday, reaching $1,759.52. The company's stock had a trading volume of 39,347 shares, compared to its average volume of 43,352. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 8.06 and a beta of 0.77. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The company has a 50-day simple moving average of $1,629.10 and a two-hundred day simple moving average of $1,593.44.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 return on equity of 10.86% and a net margin of 17.03%. As a group, equities analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current year.

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.