Tidal Investments LLC Sells 776 Shares of Markel Group Inc. (NYSE:MKL)

Tidal Investments LLC lessened its position in Markel Group Inc. (NYSE:MKL) by 42.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,031 shares of the insurance provider’s stock after selling 776 shares during the period. Tidal Investments LLC’s holdings in Markel Group were worth $1,617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake 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 buying an additional 13,372 shares in the last quarter. Davis Selected Advisers lifted its position in Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after purchasing an additional 970 shares during the period. Geode Capital Management LLC lifted its position in Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after purchasing an additional 10,254 shares during the period. Dimensional Fund Advisors LP lifted its position in Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after purchasing an additional 5,310 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after purchasing an additional 11,357 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.8 %

Shares of MKL stock opened at $1,710.14 on Wednesday. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. The stock has a market cap of $22.00 billion, a P/E ratio of 7.89 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a 50 day simple moving average of $1,660.68 and a two-hundred day simple moving average of $1,600.81.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. On average, research analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MKL shares. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada lowered 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 research report on Friday, November 1st. Jefferies Financial Group increased their price objective on shares of 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. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,626.83.

About Markel Group

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.