UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in Markel Group Inc. (NYSE:MKL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,128 shares of the insurance provider's stock after selling 12,437 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.66% of Markel Group worth $133,530,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. raised its position in shares of Markel Group by 6.0% during the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider's stock worth $15,574,000 after acquiring an additional 558 shares during the last quarter. Solitude Financial Services acquired a new stake in Markel Group during the 2nd quarter worth approximately $1,182,000. SpiderRock Advisors LLC increased its position in shares of Markel Group by 199.4% during the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider's stock worth $742,000 after acquiring an additional 315 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider's stock worth $12,684,000 after purchasing an additional 359 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in Markel Group by 19.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 4,486 shares of the insurance provider's stock valued at $7,068,000 after buying an additional 740 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

MKL has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada reduced their price target on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a research note on Friday, November 1st. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Markel Group currently has a consensus rating of "Hold" and a consensus target price of $1,626.83.

Markel Group Stock Down 1.0 %

Markel Group stock traded down $18.44 during trading hours on Monday, hitting $1,764.48. The stock had a trading volume of 65,986 shares, compared to its average volume of 43,382. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $22.69 billion, a P/E ratio of 8.14 and a beta of 0.73. The stock's 50-day moving average price is $1,621.80 and its 200-day moving average price is $1,591.76. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 during the quarter, compared to the consensus estimate of $3.74 billion. Equities research analysts anticipate that Markel Group Inc. will post 88.52 EPS for the current fiscal year.

Markel Group Company 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.