State of New Jersey Common Pension Fund D Decreases Stock Holdings in Markel Group Inc. (NYSE:MKL)

State of New Jersey Common Pension Fund D decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 6.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,619 shares of the insurance provider's stock after selling 344 shares during the period. State of New Jersey Common Pension Fund D's holdings in Markel Group were worth $7,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Toth Financial Advisory Corp grew its stake in 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. 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 valued at $44,000 after acquiring an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Markel Group during the 2nd quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Markel Group during the 2nd quarter valued at $55,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Markel Group in the 2nd quarter worth $65,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MKL. Jefferies Financial Group lifted 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. Royal Bank of Canada dropped their price objective on 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. StockNews.com upgraded Markel Group from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, Citigroup boosted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1,651.83.

Markel Group Price Performance

MKL traded up $3.79 during trading on Tuesday, hitting $1,655.48. 12,322 shares of the stock traded hands, compared to its average volume of 42,654. The business has a 50 day moving average price of $1,571.01 and a 200 day moving average price of $1,575.84. The company has a market cap of $21.29 billion, a price-to-earnings ratio of 7.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a twelve month low of $1,339.72 and a twelve month high of $1,676.56.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities research analysts forecast that Markel Group Inc. will post 89.27 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.