State Street Corp Purchases 13,372 Shares of Markel Group Inc. (NYSE:MKL)

State Street Corp increased its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,209 shares of the insurance provider's stock after buying an additional 13,372 shares during the quarter. State Street Corp owned about 2.56% of Markel Group worth $516,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Davis Selected Advisers raised its holdings in Markel Group by 0.3% during the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider's stock worth $452,311,000 after purchasing an additional 970 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $178,931,000 after purchasing an additional 5,310 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in Markel Group by 15.4% during the 2nd 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 in the last quarter. Jennison Associates LLC grew its holdings in shares of Markel Group by 2.4% during the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider's stock valued at $112,362,000 after buying an additional 1,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Markel Group by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock worth $87,398,000 after acquiring an additional 766 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

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

Markel Group Price Performance

Shares of MKL stock traded down $0.38 on Monday, reaching $1,756.39. The company's stock had a trading volume of 67,171 shares, compared to its average volume of 43,526. The company has a market capitalization of $22.59 billion, a P/E ratio of 8.10 and a beta of 0.77. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. The stock's 50 day simple moving average is $1,636.60 and its 200-day simple moving average is $1,594.75. 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 issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. As a group, equities analysts predict 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.