Quadrature Capital Ltd Lowers Position in Markel Group Inc. (NYSE:MKL)

Quadrature Capital Ltd cut its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 68.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 630 shares of the insurance provider's stock after selling 1,365 shares during the quarter. Quadrature Capital Ltd's holdings in Markel Group were worth $988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in shares of Markel Group during the 3rd quarter valued at $31,000. Toth Financial Advisory Corp grew its stake in shares of Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock valued at $35,000 after buying an additional 20 shares during the period. Larson Financial Group LLC bought a new stake in Markel Group in the 3rd quarter valued at about $36,000. UMB Bank n.a. raised its stake in Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock worth $44,000 after buying an additional 25 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Markel Group in the second quarter worth approximately $45,000. 77.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MKL has been the topic of a number of research reports. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Royal Bank of Canada reduced their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and cut their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Jefferies Financial Group raised their price objective on 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 analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $1,626.83.

Markel Group Stock Performance

MKL stock traded down $2.27 during mid-day trading on Friday, hitting $1,756.77. The company had a trading volume of 60,899 shares, compared to its average volume of 47,198. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. The stock's fifty day moving average price is $1,636.60 and its two-hundred day moving average price is $1,595.13. The firm has a market cap of $22.60 billion, a PE ratio of 8.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

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

Markel Group 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.