Douglass Winthrop Advisors LLC Reduces Position in Markel Group Inc. (NYSE:MKL)

Douglass Winthrop Advisors LLC decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,682 shares of the insurance provider's stock after selling 467 shares during the quarter. Markel Group makes up 2.7% of Douglass Winthrop Advisors LLC's portfolio, making the stock its 12th biggest position. Douglass Winthrop Advisors LLC owned approximately 0.71% of Markel Group worth $142,242,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Gold Investment Management Ltd. raised its holdings in Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider's stock worth $1,912,000 after purchasing an additional 7 shares in the last quarter. Epic Trust Investment Advisors LLC raised its holdings in Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider's stock worth $285,000 after purchasing an additional 8 shares in the last quarter. Freedom Day Solutions LLC raised its holdings in Markel Group by 0.5% in the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider's stock worth $2,326,000 after purchasing an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC raised its holdings in Markel Group by 1.1% in the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock worth $1,170,000 after purchasing an additional 8 shares in the last quarter. Finally, Financial Advocates Investment Management raised its holdings in Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider's stock worth $406,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

Shares of Markel Group stock traded up $10.34 during trading on Monday, hitting $1,760.34. 87,178 shares of the company's stock traded hands, compared to its average volume of 43,367. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,774.98. The stock has a market capitalization of $22.64 billion, a P/E ratio of 8.12 and a beta of 0.73. The business has a 50-day simple moving average of $1,597.58 and a 200-day simple moving average of $1,586.16.

Markel Group (NYSE:MKL - Get Free Report) last released 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 business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. As a group, analysts forecast that Markel Group Inc. will post 88.52 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada decreased their price objective on 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. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group increased 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1,651.83.

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.