Barclays PLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,795 shares of the insurance provider's stock after selling 2,103 shares during the quarter. Barclays PLC owned approximately 0.15% of Markel Group worth $29,482,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in MKL. Caisse DE Depot ET Placement DU Quebec boosted its stake in 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 valued at $23,366,000 after acquiring an additional 14,507 shares during the last quarter. State Street Corp raised its holdings in shares of Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock worth $516,391,000 after purchasing an additional 13,372 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted 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 valued at $134,320,000 after purchasing an additional 11,357 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider's stock valued at $17,223,000 after purchasing an additional 10,973 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Markel Group in the second quarter worth $15,596,000. 77.12% of the stock is currently owned by institutional investors.
Markel Group Price Performance
MKL stock traded down $7.00 during mid-day trading on Friday, reaching $1,735.79. 49,442 shares of the company traded hands, compared to its average volume of 43,884. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The company has a market capitalization of $22.32 billion, a P/E ratio of 8.01 and a beta of 0.77. 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 fifty day moving average price of $1,654.10 and a 200-day moving average price of $1,599.60.
Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. As a group, analysts anticipate that Markel Group Inc. will post 86.73 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have recently commented on MKL. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Jefferies Financial Group increased their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada cut their price objective 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. 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.com, the company has an average rating of "Hold" and an average price target of $1,626.83.
Get Our Latest Stock Analysis on Markel Group
Markel Group Company Profile
(
Free Report)
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.
See Also
![Institutional Ownership by Quarter for Markel Group (NYSE:MKL)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=MKL)
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