Gilbert & Cook Inc. Lowers Holdings in Markel Group Inc. (NYSE:MKL)

Gilbert & Cook Inc. cut its holdings in Markel Group Inc. (NYSE:MKL) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 421 shares of the insurance provider’s stock after selling 19 shares during the quarter. Gilbert & Cook Inc.’s holdings in Markel Group were worth $660,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC increased its stake in Markel Group by 1.8% in the 3rd 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 increased its stake in Markel Group by 0.6% in the 3rd 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. bought a new stake in Markel Group in the 3rd quarter worth approximately $333,000. Evergreen Wealth Management LLC increased its stake in Markel Group by 10.7% in the 3rd 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. Finally, Empowered Funds LLC increased its stake in Markel Group by 44.8% in the 3rd quarter. Empowered Funds LLC now owns 249 shares of the insurance provider’s stock worth $391,000 after acquiring an additional 77 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup lifted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada cut their target price 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. Jefferies Financial Group boosted their target price on 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. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Friday. 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, the stock presently has an average rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Price Performance

MKL opened at $1,707.64 on Friday. The business has a fifty day moving average of $1,581.08 and a 200 day moving average of $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 quick ratio of 0.60, a current 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 quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.74 billion. As a group, sell-side analysts anticipate that Markel Group Inc. will post 89.27 EPS 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.