Markel Group Inc. (NYSE:MKL) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP decreased its position in Markel Group Inc. (NYSE:MKL) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 630 shares of the insurance provider’s stock after selling 43 shares during the quarter. Quantinno Capital Management LP’s holdings in Markel Group were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB raised its position in shares of Markel Group by 19.4% in the second quarter. Swedbank AB now owns 1,932 shares of the insurance provider’s stock valued at $3,044,000 after buying an additional 314 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after acquiring an additional 558 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Markel Group by 395.5% during the 2nd quarter. Blue Trust Inc. now owns 109 shares of the insurance provider’s stock worth $166,000 after purchasing an additional 87 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Markel Group during the second quarter worth $118,000. Finally, Solitude Financial Services purchased a new stake in shares of Markel Group in the second quarter valued at $1,182,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MKL shares. Royal Bank of Canada decreased 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 note on Friday, November 1st. Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Trading Down 0.3 %

Shares of MKL stock opened at $1,737.07 on Friday. 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 Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The firm’s 50 day moving average price is $1,651.42 and its two-hundred day moving average price is $1,598.82. The stock has a market cap of $22.34 billion, a price-to-earnings ratio of 8.01 and a beta of 0.77.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates 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. On average, analysts anticipate that Markel Group Inc. will post 86.73 EPS 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.