Y Intercept Hong Kong Ltd reduced its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 89.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148 shares of the insurance provider's stock after selling 1,288 shares during the period. Y Intercept Hong Kong Ltd's holdings in Markel Group were worth $232,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Markel Group during the third quarter valued at $31,000. Toth Financial Advisory Corp increased its position in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock valued at $35,000 after purchasing an additional 20 shares during the period. Larson Financial Group LLC purchased a new position in Markel Group during the 3rd quarter valued at about $36,000. UMB Bank n.a. raised its holdings in shares of Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 25 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Markel Group in the 2nd quarter worth approximately $45,000. 77.12% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MKL has been the topic of several research reports. Jefferies Financial Group lifted their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada cut 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 report on Friday, November 1st. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $1,626.83.
Read Our Latest Stock Report on MKL
Markel Group Stock Up 1.4 %
Shares of Markel Group stock traded up $22.81 during trading on Thursday, reaching $1,700.27. The company's stock had a trading volume of 52,495 shares, compared to its average volume of 43,941. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The company has a 50-day simple moving average of $1,665.99 and a two-hundred day simple moving average of $1,602.04. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 7.84 and a beta of 0.77.
Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. As a group, equities analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current year.
Markel Group Profile
(
Free Report)
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.
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