D.A. Davidson & CO. Sells 51 Shares of Markel Group Inc. (NYSE:MKL)

D.A. Davidson & CO. reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,907 shares of the insurance provider’s stock after selling 51 shares during the quarter. D.A. Davidson & CO.’s holdings in Markel Group were worth $2,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can increased its stake in Markel Group by 1.8% during the 3rd quarter. Bank of Montreal Can now owns 3,697 shares of the insurance provider’s stock valued at $5,801,000 after purchasing an additional 66 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Markel Group by 82.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 126 shares of the insurance provider’s stock valued at $198,000 after purchasing an additional 57 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Markel Group by 12.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 990 shares of the insurance provider’s stock valued at $1,553,000 after purchasing an additional 110 shares in the last quarter. Centaurus Financial Inc. increased its stake in Markel Group by 0.6% during the 3rd quarter. Centaurus Financial Inc. now owns 2,276 shares of the insurance provider’s stock valued at $3,570,000 after purchasing an additional 13 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new stake in shares of Markel Group during the 3rd quarter valued at about $36,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,785.11 on Friday. The firm has a fifty day moving average price of $1,613.70 and a 200-day moving average price of $1,590.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $22.96 billion, a PE ratio of 8.23 and a beta of 0.73. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,809.11.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The firm had revenue of $3.69 billion during 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%. Equities analysts anticipate that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group raised their price target 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. Finally, Royal Bank of Canada dropped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus target price 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.