Markel Group Inc. (NYSE:MKL) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC trimmed its stake in shares of Markel Group Inc. (NYSE:MKL) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 177 shares of the insurance provider’s stock after selling 17 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Markel Group were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Markel Group during the 3rd quarter worth approximately $31,000. Toth Financial Advisory Corp lifted its position in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 20 shares during the period. Larson Financial Group LLC acquired a new stake in Markel Group during the 3rd quarter worth approximately $36,000. UMB Bank n.a. lifted its position in Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Markel Group during the 2nd quarter worth approximately $45,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Performance

NYSE MKL opened at $1,747.52 on Thursday. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The company has a market capitalization of $22.47 billion, a P/E ratio of 8.06 and a beta of 0.77. The business has a 50 day moving average price of $1,629.10 and a 200 day moving average price of $1,593.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Sell-side analysts expect that Markel Group Inc. will post 88.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MKL has been the subject of a number of analyst reports. Jefferies Financial Group increased their target price on 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. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday. Finally, Royal Bank of Canada cut their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. 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, the stock presently has a consensus rating of “Hold” and a consensus price target 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.