Markel Group Inc. (NYSE:MKL) Stock Holdings Trimmed by American Capital Advisory LLC

American Capital Advisory LLC lessened its position in shares of Markel Group Inc. (NYSE:MKL) by 17.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,621 shares of the insurance provider’s stock after selling 340 shares during the period. Markel Group comprises 1.5% of American Capital Advisory LLC’s portfolio, making the stock its 12th largest position. American Capital Advisory LLC’s holdings in Markel Group were worth $2,543,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MKL. Toth Financial Advisory Corp raised its stake in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 20 shares during the period. UMB Bank n.a. grew its position in shares of Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Markel Group during the second quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Markel Group in the 2nd quarter worth about $55,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Markel Group in the 2nd quarter valued at about $65,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 3.1 %

Markel Group stock traded up $48.56 during midday trading on Wednesday, reaching $1,607.41. The stock had a trading volume of 8,156 shares, compared to its average volume of 42,606. The firm’s fifty day simple moving average is $1,566.69 and its two-hundred day simple moving average is $1,570.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a twelve month low of $1,317.00 and a twelve month high of $1,670.24. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 7.20 and a beta of 0.73.

Markel Group (NYSE:MKL) last released 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). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Equities analysts anticipate that Markel Group Inc. will post 91.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MKL shares. Citigroup raised their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group raised their target price 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 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 report on Friday, November 1st. TD Cowen began coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,651.83.

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.