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

Baillie Gifford & Co. reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,115 shares of the insurance provider’s stock after selling 9,631 shares during the quarter. Baillie Gifford & Co. owned about 2.01% of Markel Group worth $406,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MKL. Toth Financial Advisory Corp boosted its position in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after buying an additional 20 shares during the last quarter. UMB Bank n.a. increased its position in Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Markel Group during the 2nd quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Markel Group during the 2nd quarter valued at about $55,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Markel Group in the 2nd quarter valued at about $65,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Jefferies Financial Group raised their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada dropped their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Markel Group has an average rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Stock Up 0.1 %

NYSE:MKL opened at $1,651.69 on Tuesday. Markel Group Inc. has a 1 year low of $1,339.72 and a 1 year high of $1,676.56. The stock has a 50-day moving average price of $1,569.99 and a two-hundred day moving average price of $1,574.40. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 7.62 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) 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 business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. As a group, equities analysts expect that Markel Group Inc. will post 89.27 earnings per share 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.