Markel Group Inc. (NYSE:MKL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Markel Group Inc. (NYSE:MKL) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,054 shares of the insurance provider’s stock after acquiring an additional 10,254 shares during the quarter. Geode Capital Management LLC’s holdings in Markel Group were worth $327,131,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Markel Group by 3,729.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after purchasing an additional 14,507 shares during the period. State Street Corp raised its position in shares of Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after acquiring an additional 13,372 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after acquiring an additional 11,357 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Markel Group by 156,757.1% during the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after acquiring an additional 10,973 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Markel Group during the 2nd quarter valued at about $15,596,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the topic of a number of recent analyst reports. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada decreased their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group boosted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,737.07 on Friday. The firm has a 50-day simple moving average of $1,651.42 and a 200-day simple moving average of $1,598.82. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $22.34 billion, a price-to-earnings ratio of 8.01 and a beta of 0.77. 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) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, equities analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current fiscal 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.