UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Markel Group Inc. (NYSE:MKL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 12.7% in the 3rd quarter, Holdings Channel reports. The firm owned 85,128 shares of the insurance provider’s stock after selling 12,437 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Markel Group were worth $133,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of Markel Group in the 3rd quarter worth $31,000. Toth Financial Advisory Corp increased its stake in Markel Group by 1,000.0% in the third 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 last quarter. Larson Financial Group LLC purchased a new stake in Markel Group during the third quarter valued at about $36,000. UMB Bank n.a. lifted its stake 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Markel Group in the 2nd quarter worth about $45,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank of Canada dropped 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 report on Friday, November 1st. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group lifted their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,651.83.

Markel Group Price Performance

MKL stock opened at $1,782.92 on Monday. The stock has a market capitalization of $22.93 billion, a price-to-earnings ratio of 8.22 and a beta of 0.73. The firm’s 50-day moving average price is $1,617.95 and its two-hundred day moving average price is $1,590.97. 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 Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11.

Markel Group (NYSE:MKL) last released its quarterly 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). The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, equities analysts predict that Markel Group Inc. will post 88.52 earnings per share for the current year.

Markel Group 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.