Caisse DE Depot ET Placement DU Quebec Increases Stock Position in Markel Group Inc. (NYSE:MKL)

Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 3,729.3% in the third quarter, HoldingsChannel reports. The firm owned 14,896 shares of the insurance provider’s stock after acquiring an additional 14,507 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Markel Group were worth $23,366,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Davis Selected Advisers increased its position in Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after buying an additional 970 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after acquiring an additional 5,310 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in Markel Group by 15.4% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after purchasing an additional 11,357 shares in the last quarter. Jennison Associates LLC raised its stake in Markel Group by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock valued at $112,362,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 purchasing an additional 766 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Down 0.1 %

Shares of MKL opened at $1,782.92 on Monday. 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’s fifty day moving average is $1,617.95 and its two-hundred day moving average is $1,590.97. The firm has a market cap of $22.93 billion, a PE ratio of 8.22 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada reduced their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average price target 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.