Baillie Gifford & Co. Sells 9,631 Shares of Markel Group Inc. (NYSE:MKL)

Baillie Gifford & Co. decreased its position in Markel Group Inc. (NYSE:MKL) by 3.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 259,115 shares of the insurance provider’s stock after selling 9,631 shares during the period. Baillie Gifford & Co.’s holdings in Markel Group were worth $406,443,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Gold Investment Management Ltd. boosted its holdings in Markel Group by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after purchasing an additional 7 shares during the last quarter. Epic Trust Investment Advisors LLC raised its stake in shares of Markel Group by 4.6% during the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 8 shares in the last quarter. Freedom Day Solutions LLC grew its stake in shares of Markel Group by 0.5% in the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock valued at $2,326,000 after buying an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC grew its position in shares of Markel Group by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after acquiring an additional 8 shares during the period. Finally, Financial Advocates Investment Management grew its holdings in Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada decreased their price objective 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. Jefferies Financial Group raised their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Trading Up 0.1 %

Shares of Markel Group stock opened at $1,651.69 on Tuesday. 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 firm has a 50-day moving average of $1,569.99 and a 200-day moving average of $1,574.40. Markel Group Inc. has a 52-week low of $1,339.72 and a 52-week high of $1,676.56. The stock has a market cap of $21.24 billion, a PE ratio of 7.62 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its earnings results 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). 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 analyst estimates of $3.74 billion. As a group, sell-side analysts forecast that Markel Group Inc. will post 89.27 EPS for the current year.

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.