Markel Group Inc. (NYSE:MKL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 50.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,823 shares of the insurance provider's stock after selling 7,928 shares during the period. Los Angeles Capital Management LLC owned 0.06% of Markel Group worth $12,271,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Boston Partners grew its stake in shares of Markel Group by 36.7% in the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider's stock valued at $326,124,000 after buying an additional 57,528 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Markel Group by 15.4% during 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 in the last quarter. International Assets Investment Management LLC increased its position 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 acquiring an additional 10,973 shares during the last quarter. Marshall Wace LLP bought a new stake in Markel Group during the 2nd quarter valued at $15,596,000. Finally, D. E. Shaw & Co. Inc. lifted its position in Markel Group by 52.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider's stock valued at $35,202,000 after purchasing an additional 7,659 shares during the period. 77.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada dropped 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. Jefferies Financial Group upped their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Finally, Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,651.83.

Markel Group Stock Performance

Shares of MKL stock traded up $11.30 during mid-day trading on Tuesday, hitting $1,662.99. The stock had a trading volume of 14,852 shares, compared to its average volume of 42,665. 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 fifty-two week low of $1,339.72 and a fifty-two week high of $1,676.56. The firm has a market cap of $21.39 billion, a PE ratio of 7.62 and a beta of 0.73. The company's 50-day simple moving average is $1,571.01 and its 200-day simple moving average is $1,575.84.

Markel Group (NYSE:MKL - Get Free Report) last announced 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). 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 during the quarter, compared to the consensus estimate of $3.74 billion. Sell-side analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current 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.