Citigroup Inc. Sells 595 Shares of Markel Group Inc. (NYSE:MKL)

Citigroup Inc. lessened its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,920 shares of the insurance provider's stock after selling 595 shares during the period. Citigroup Inc. owned approximately 0.07% of Markel Group worth $13,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Davis Selected Advisers increased its holdings in Markel Group by 0.3% in the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider's stock valued at $452,311,000 after buying an additional 970 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider's stock valued at $178,931,000 after purchasing an additional 5,310 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Markel Group by 15.4% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider's stock worth $134,320,000 after acquiring an additional 11,357 shares during the period. Jennison Associates LLC boosted its stake in Markel Group by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider's stock valued at $112,362,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Markel Group by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock valued at $87,398,000 after buying an additional 766 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Down 0.1 %

Shares of NYSE MKL traded down $2.19 during mid-day trading on Friday, reaching $1,782.92. 27,205 shares of the company's stock were exchanged, compared to its average volume of 43,284. The business has a fifty day simple moving average of $1,613.70 and a 200 day simple moving average of $1,590.65. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 8.23 and a beta of 0.73.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada decreased 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 report on Friday, November 1st. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Jefferies Financial Group increased 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 note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1,651.83.

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.