Markel Group Inc. (NYSE:MKL) is Banyan Capital Management Inc.’s 3rd Largest Position

Banyan Capital Management Inc. reduced its holdings in shares of Markel Group Inc. (NYSE:MKL) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,721 shares of the insurance provider’s stock after selling 67 shares during the quarter. Markel Group makes up 9.7% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 3rd largest position. Banyan Capital Management Inc. owned approximately 0.08% of Markel Group worth $16,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC grew its holdings in shares of Markel Group by 66.2% during the third quarter. Quest Partners LLC now owns 2,373 shares of the insurance provider’s stock worth $3,722,000 after buying an additional 945 shares in the last quarter. Atlanta Consulting Group Advisors LLC boosted its position in shares of Markel Group by 1.8% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 568 shares of the insurance provider’s stock worth $891,000 after acquiring an additional 10 shares during the last quarter. Sather Financial Group Inc boosted its position in shares of Markel Group by 0.6% in the third quarter. Sather Financial Group Inc now owns 28,466 shares of the insurance provider’s stock worth $44,651,000 after acquiring an additional 173 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Markel Group in the third quarter worth approximately $333,000. Finally, Evergreen Wealth Management LLC boosted its position in shares of Markel Group by 10.7% in the third quarter. Evergreen Wealth Management LLC now owns 3,523 shares of the insurance provider’s stock worth $5,527,000 after acquiring an additional 340 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Down 0.1 %

NYSE MKL opened at $1,707.64 on Monday. The company’s fifty day simple moving average is $1,581.08 and its 200-day simple moving average is $1,581.49. 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 current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $21.96 billion, a P/E ratio of 7.88 and a beta of 0.73.

Markel Group (NYSE:MKL) last posted 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 return on equity of 10.86% and a net margin of 17.03%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Equities research analysts predict that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target 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. Royal Bank of Canada reduced their price target 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. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Citigroup lifted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.