Quest Partners LLC Grows Stock Holdings in Markel Group Inc. (NYSE:MKL)

Quest Partners LLC grew its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 66.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,373 shares of the insurance provider's stock after acquiring an additional 945 shares during the quarter. Markel Group comprises 0.3% of Quest Partners LLC's holdings, making the stock its 18th largest holding. Quest Partners LLC's holdings in Markel Group were worth $3,722,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MKL. Toth Financial Advisory Corp grew its position in shares of Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock worth $44,000 after purchasing an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Markel Group in the 2nd quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Markel Group in the 2nd quarter worth about $55,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Markel Group during the second quarter valued at approximately $65,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MKL has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday. Jefferies Financial Group increased 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. Royal Bank of Canada reduced their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. Finally, Citigroup boosted 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 report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $1,651.83.

Markel Group Stock Down 0.1 %

NYSE MKL traded down $1.37 during trading hours on Monday, hitting $1,706.27. 52,464 shares of the company were exchanged, compared to its average volume of 43,147. The company has a 50 day moving average of $1,581.08 and a two-hundred day moving average of $1,582.24. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 7.88 and a beta of 0.73. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,733.58. 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 released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion during 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 research analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current 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.