Oddo BHF Asset Management Sas Invests $3.13 Million in Markel Group Inc. (NYSE:MKL)

Oddo BHF Asset Management Sas purchased a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,992 shares of the insurance provider's stock, valued at approximately $3,125,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock valued at $8,736,000 after acquiring an additional 527 shares during the period. Synovus Financial Corp raised its holdings in shares of Markel Group by 20.7% during the third quarter. Synovus Financial Corp now owns 432 shares of the insurance provider's stock valued at $678,000 after purchasing an additional 74 shares during the last quarter. Blankinship & Foster LLC bought a new position in Markel Group during the third quarter valued at approximately $643,000. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group in the third quarter worth approximately $42,000. Finally, Sanctuary Advisors LLC grew its position in Markel Group by 9.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,143 shares of the insurance provider's stock worth $3,361,000 after purchasing an additional 192 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on MKL. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group upped their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, 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 for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Markel Group has an average rating of "Hold" and a consensus target price of $1,626.83.

Markel Group Stock Performance

NYSE MKL traded down $7.00 on Friday, hitting $1,735.79. 49,442 shares of the company traded hands, compared to its average volume of 43,884. The business's 50 day moving average price is $1,654.10 and its 200-day moving average price is $1,599.60. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $22.32 billion, a price-to-earnings ratio of 8.01 and a beta of 0.77.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current year.

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.