Wellington Management Group LLP Sells 34,877 Shares of Markel Group Inc. (NYSE:MKL)

Wellington Management Group LLP decreased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 14.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 199,673 shares of the insurance provider's stock after selling 34,877 shares during the period. Wellington Management Group LLP owned 1.55% of Markel Group worth $313,203,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock worth $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Davis Selected Advisers increased its position in Markel Group by 0.3% in the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider's stock worth $452,311,000 after buying an additional 970 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Markel Group by 4.9% during the 2nd 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 during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of 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 worth $134,320,000 after acquiring an additional 11,357 shares during the period. Finally, Jennison Associates LLC increased its holdings in Markel Group by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider's stock worth $112,362,000 after acquiring an additional 1,689 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Price Performance

Shares of NYSE MKL traded down $2.27 during midday trading on Friday, hitting $1,756.77. 60,899 shares of the company's stock were exchanged, compared to its average volume of 47,198. The company has a market cap of $22.60 billion, a price-to-earnings 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. The business's fifty day moving average price is $1,636.60 and its two-hundred day moving average price is $1,595.13. 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 issued its quarterly earnings data 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). The business had revenue of $3.69 billion during 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, research analysts forecast that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of 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. Jefferies Financial Group raised 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. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $1,626.83.

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.