Systematic Financial Management LP Purchases 560 Shares of Markel Group Inc. (NYSE:MKL)

Systematic Financial Management LP raised its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 26.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,699 shares of the insurance provider's stock after buying an additional 560 shares during the period. Systematic Financial Management LP's holdings in Markel Group were worth $4,234,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Davis Selected Advisers raised its holdings in Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider's stock valued at $452,311,000 after buying an additional 970 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider's stock valued at $178,931,000 after buying an additional 5,310 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in Markel Group by 15.4% during the second 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 buying an additional 11,357 shares in the last quarter. Jennison Associates LLC grew its position in shares of Markel Group by 2.4% in the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider's stock valued at $112,362,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Markel Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock valued at $87,398,000 after purchasing an additional 766 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Cowen downgraded 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 research report on Monday. Jefferies Financial Group raised their price target 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 lowered their price target on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $1,626.83.

Markel Group Stock Performance

MKL stock traded down $2.27 during trading on Friday, reaching $1,756.77. 60,899 shares of the stock were exchanged, compared to its average volume of 43,426. The company has a market capitalization of $22.59 billion, a P/E ratio of 8.10 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. The stock has a 50 day simple moving average of $1,636.60 and a 200-day simple moving average of $1,595.42.

Markel Group (NYSE:MKL - Get Free Report) last announced 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 business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, sell-side analysts anticipate that Markel Group Inc. will post 88.52 earnings per share for the current 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.