Confluence Investment Management LLC Sells 961 Shares of Markel Group Inc. (NYSE:MKL)

Confluence Investment Management LLC lowered its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,473 shares of the insurance provider's stock after selling 961 shares during the period. Confluence Investment Management LLC owned approximately 0.26% of Markel Group worth $57,783,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Markel Group in the third quarter valued at approximately $31,000. Toth Financial Advisory Corp increased its holdings in shares of Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after buying an additional 20 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Markel Group during the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Markel Group during the 3rd quarter worth $42,000. Finally, UMB Bank n.a. grew its position in Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock worth $44,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MKL shares. Royal Bank of Canada lowered their price target 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. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group upped their target price 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. Finally, StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $1,626.83.

Markel Group Trading Down 0.5 %

NYSE MKL traded down $8.87 during trading on Thursday, hitting $1,717.36. The company had a trading volume of 36,218 shares, compared to its average volume of 43,950. The company's fifty day moving average is $1,697.66 and its 200-day moving average is $1,612.66. Markel Group Inc. has a one year low of $1,342.66 and a one year 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 company has a market cap of $22.09 billion, a price-to-earnings ratio of 7.92 and a beta of 0.77.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results 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 company had revenue of $3.69 billion during 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%. On average, sell-side analysts predict that Markel Group Inc. will post 86.73 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.