Markel Group Inc. (NYSE:MKL) Shares Sold by American Capital Advisory LLC

American Capital Advisory LLC lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 17.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,621 shares of the insurance provider’s stock after selling 340 shares during the period. Markel Group makes up approximately 1.5% of American Capital Advisory LLC’s portfolio, making the stock its 12th biggest holding. American Capital Advisory LLC’s holdings in Markel Group were worth $2,543,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp lifted its position in shares of Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 20 shares during the period. UMB Bank n.a. boosted its position in Markel Group by 833.3% during 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Markel Group in the second quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Markel Group in the second quarter valued at $55,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Markel Group during the 2nd quarter worth $65,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MKL. Jefferies Financial Group raised their price objective on shares of 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. Citigroup boosted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank of Canada cut their target price on shares of 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. Finally, TD Cowen initiated coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Trading Up 3.1 %

NYSE MKL traded up $48.56 during mid-day trading on Wednesday, hitting $1,607.41. The company’s stock had a trading volume of 8,156 shares, compared to its average volume of 42,606. The firm has a market capitalization of $20.67 billion, a P/E ratio of 7.20 and a beta of 0.73. 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 Inc. has a 52-week low of $1,317.00 and a 52-week high of $1,670.24. The stock’s fifty day simple moving average is $1,566.69 and its two-hundred day simple moving average is $1,570.78.

Markel Group (NYSE:MKL) last announced its quarterly earnings results 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 company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Research analysts expect that Markel Group Inc. will post 91.55 EPS for the current year.

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.