Mendota Financial Group LLC Has $67,000 Holdings in Markel Group Inc. (NYSE:MKL)

Mendota Financial Group LLC trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39 shares of the insurance provider’s stock after selling 11 shares during the period. Mendota Financial Group LLC’s holdings in Markel Group were worth $67,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after purchasing an additional 10,254 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Markel Group by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after buying an additional 5,310 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Markel Group by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after buying an additional 1,689 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Markel Group by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after buying an additional 766 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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 report on Wednesday, October 9th. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Royal Bank of Canada lowered their price objective on 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. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Trading Up 0.4 %

Shares of MKL stock opened at $1,667.46 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The company has a market cap of $21.45 billion, a PE ratio of 7.69 and a beta of 0.78. The stock’s fifty day moving average price is $1,717.49 and its two-hundred day moving average price is $1,619.41.

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). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities analysts predict that Markel Group Inc. will post 86.73 EPS for the current fiscal 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.