Martingale Asset Management L P Cuts Stock Holdings in Markel Group Inc. (NYSE:MKL)

Martingale Asset Management L P cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 8.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,530 shares of the insurance provider's stock after selling 1,624 shares during the quarter. Martingale Asset Management L P owned about 0.13% of Markel Group worth $25,929,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider's stock valued at $12,684,000 after purchasing an additional 359 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Markel Group by 0.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,955 shares of the insurance provider's stock worth $21,215,000 after acquiring an additional 98 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Markel Group by 26.7% during the 1st quarter. Tidal Investments LLC now owns 1,867 shares of the insurance provider's stock worth $2,845,000 after acquiring an additional 393 shares during the period. Virtu Financial LLC acquired a new position in shares of Markel Group during the 1st quarter valued at about $930,000. Finally, Swedbank AB purchased a new stake in shares of Markel Group in the first quarter valued at about $2,462,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Trading Down 0.1 %

NYSE MKL traded down $2.19 on Friday, reaching $1,782.92. The stock had a trading volume of 27,205 shares, compared to its average volume of 43,284. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. The stock has a fifty day moving average price of $1,613.70 and a two-hundred day moving average price of $1,590.65. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 8.23 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results 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). The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, sell-side analysts forecast that Markel Group Inc. will post 88.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Royal Bank of Canada decreased their target price on shares of 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. Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1,651.83.

Markel Group Company 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.