Markel Group Inc. (NYSE:MKL) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 10.1% during the third quarter, Holdings Channel.com reports. The fund owned 513 shares of the insurance provider’s stock after purchasing an additional 47 shares during the period. Metis Global Partners LLC’s holdings in Markel Group were worth $805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of Markel Group by 41.7% during the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after purchasing an additional 1,268 shares during the period. Intech Investment Management LLC boosted its stake in Markel Group by 4.7% during the first quarter. Intech Investment Management LLC now owns 758 shares of the insurance provider’s stock valued at $1,153,000 after buying an additional 34 shares in the last quarter. Edgestream Partners L.P. grew its holdings in Markel Group by 176.6% during the first quarter. Edgestream Partners L.P. now owns 1,333 shares of the insurance provider’s stock worth $2,028,000 after acquiring an additional 851 shares during the period. O Shaughnessy Asset Management LLC raised its position in Markel Group by 3.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,006 shares of the insurance provider’s stock worth $3,052,000 after acquiring an additional 71 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in Markel Group by 90.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 190 shares of the insurance provider’s stock valued at $289,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 0.1 %

Markel Group stock opened at $1,707.64 on Monday. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,733.58. 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 market capitalization of $21.96 billion, a price-to-earnings ratio of 7.88 and a beta of 0.73. The company has a 50 day moving average price of $1,581.08 and a 200 day moving average price of $1,581.49.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate 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 return on equity of 10.86% and a net margin of 17.03%. Research analysts forecast that Markel Group Inc. will post 89.27 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on MKL. Citigroup boosted their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Royal Bank of Canada dropped their price target on 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. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Jefferies Financial Group upped their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,651.83.

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.