Marathon Asset Management Ltd Decreases Stock Holdings in Markel Group Inc. (NYSE:MKL)

Marathon Asset Management Ltd lowered its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 8.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 36,559 shares of the insurance provider's stock after selling 3,540 shares during the period. Markel Group accounts for approximately 1.6% of Marathon Asset Management Ltd's holdings, making the stock its 19th largest position. Marathon Asset Management Ltd owned about 0.28% of Markel Group worth $57,342,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC lifted its stake in shares of Markel Group by 2.5% during the 1st quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider's stock worth $496,000 after buying an additional 8 shares during the last quarter. Wambolt & Associates LLC boosted its holdings in shares of Markel Group by 3.4% during the 1st quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider's stock valued at $362,000 after acquiring an additional 8 shares in the last quarter. Epic Trust Investment Advisors LLC grew its holdings in shares of Markel Group by 4.6% during 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 during the last quarter. Choreo LLC lifted its holdings in shares of Markel Group by 1.9% during the first quarter. Choreo LLC now owns 539 shares of the insurance provider's stock worth $820,000 after purchasing an additional 10 shares during the period. Finally, Baker Tilly Wealth Management LLC grew its position in shares of Markel Group by 5.3% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider's stock valued at $312,000 after buying an additional 10 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Down 0.1 %

Shares of NYSE:MKL traded down $2.08 during midday trading on Friday, hitting $1,592.00. 40,896 shares of the stock traded hands, compared to its average volume of 41,941. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $20.70 billion, a PE ratio of 8.61 and a beta of 0.73. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The business's 50 day moving average is $1,562.52 and its two-hundred day moving average is $1,560.67.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating analysts' consensus estimates of $20.76 by $5.19. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, research analysts forecast that Markel Group Inc. will post 89.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. TD Cowen assumed coverage on Markel Group in a report on Tuesday, July 9th. They set a "buy" rating and a $1,986.00 price target for the company. 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. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Monday, October 7th. Finally, Citigroup upped their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $1,643.50.

Insiders Place Their Bets

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of Markel Group stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the acquisition, the director now owns 743 shares of the company's stock, valued at $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.71% of the stock is currently owned by company insiders.

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.