Markel Group Inc. (NYSE:MKL) Stock Holdings Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 15.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,389 shares of the insurance provider's stock after selling 1,495 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Markel Group worth $13,159,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Davis Selected Advisers lifted its holdings in Markel Group by 0.3% in the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider's stock valued at $452,311,000 after purchasing an additional 970 shares in the last quarter. Boston Partners boosted its position in Markel Group by 36.7% during the first quarter. Boston Partners now owns 214,400 shares of the insurance provider's stock worth $326,124,000 after acquiring an additional 57,528 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Markel Group by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider's stock worth $178,931,000 after acquiring an additional 5,310 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Markel Group by 4.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 85,464 shares of the insurance provider's stock valued at $129,441,000 after acquiring an additional 3,560 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in Markel Group by 15.4% in 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 during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. TD Cowen started coverage on Markel Group in a report on Tuesday, July 9th. They issued a "buy" rating and a $1,986.00 target price on the stock. Citigroup lifted their price target on shares of 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. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Monday, October 7th. Finally, Jefferies Financial Group raised their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company 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 company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $1,643.50.

Insider Activity at Markel Group

In related news, Director Lawrence A. Cunningham purchased 20 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Up 0.9 %

Shares of MKL traded up $14.20 during mid-day trading on Monday, reaching $1,564.00. 46,834 shares of the stock traded hands, compared to its average volume of 41,866. The stock has a fifty day simple moving average of $1,568.28 and a 200 day simple moving average of $1,564.86. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. 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 firm has a market cap of $20.34 billion, a price-to-earnings ratio of 8.48 and a beta of 0.73.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Sell-side analysts expect that Markel Group Inc. will post 91.55 EPS for the current fiscal year.

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.