BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 340 Shares of Markel Group Inc. (NYSE:MKL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 13.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,171 shares of the insurance provider's stock after selling 340 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Markel Group were worth $3,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Edgestream Partners L.P. acquired a new stake in shares of Markel Group in the third quarter worth $8,412,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Markel Group by 3,729.3% in the 3rd 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 purchasing an additional 14,507 shares during the period. Captrust Financial Advisors lifted its position in shares of Markel Group by 15.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,993 shares of the insurance provider's stock worth $14,106,000 after buying an additional 1,218 shares during the period. Vinva Investment Management Ltd raised its stake in Markel Group by 15.7% during the third quarter. Vinva Investment Management Ltd now owns 531 shares of the insurance provider's stock worth $833,000 after acquiring an additional 72 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Markel Group in the 3rd quarter valued at $475,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKL has been the topic of several recent 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 on the stock in a research note on Friday, November 1st. Jefferies Financial Group upped their price target 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. TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday. Finally, StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Markel Group has an average rating of "Hold" and an average price target of $1,626.83.

Markel Group Stock Up 0.1 %

MKL stock traded up $2.58 during midday trading on Wednesday, reaching $1,747.52. 41,966 shares of the company's stock traded hands, compared to its average volume of 43,369. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 8.06 and a beta of 0.77. The firm's fifty day moving average price is $1,629.10 and its 200-day moving average price is $1,593.44. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11.

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 (EPS) for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, sell-side analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

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.