XTX Topco Ltd Makes New $1.41 Million Investment in Markel Group Inc. (NYSE:MKL)

XTX Topco Ltd bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 901 shares of the insurance provider's stock, valued at approximately $1,413,000.

A number of other institutional investors have also recently made changes to their positions in MKL. National Bank of Canada FI lifted its holdings in Markel Group by 9.5% during the third quarter. National Bank of Canada FI now owns 2,429 shares of the insurance provider's stock valued at $3,810,000 after purchasing an additional 211 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Markel Group by 12.3% in the third quarter. EP Wealth Advisors LLC now owns 173 shares of the insurance provider's stock valued at $271,000 after purchasing an additional 19 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in shares of Markel Group during the 3rd quarter valued at approximately $278,000. State Street Corp lifted 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 valued at $516,391,000 after buying an additional 13,372 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Markel Group by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 4,567 shares of the insurance provider's stock valued at $7,164,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Jefferies Financial Group increased their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock 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 report on Friday, November 1st. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $1,626.83.

Markel Group Price Performance

Markel Group stock traded down $0.38 during midday trading on Monday, hitting $1,756.39. 67,171 shares of the company's stock were exchanged, compared to its average volume of 43,526. The company has a market cap of $22.59 billion, a P/E ratio of 8.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50-day moving average price of $1,640.35 and a two-hundred day moving average price of $1,595.74. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week 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 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, equities research analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current year.

About Markel Group

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.