Court Place Advisors LLC Reduces Position in Markel Group Inc. (NYSE:MKL)

Court Place Advisors LLC cut its stake in Markel Group Inc. (NYSE:MKL) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,458 shares of the insurance provider’s stock after selling 58 shares during the period. Markel Group comprises about 1.6% of Court Place Advisors LLC’s investment portfolio, making the stock its 17th largest position. Court Place Advisors LLC’s holdings in Markel Group were worth $5,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Freedom Day Solutions LLC increased its holdings in Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after purchasing an additional 8 shares during the period. Dakota Wealth Management grew its position in shares of Markel Group by 6.8% during the 3rd quarter. Dakota Wealth Management now owns 252 shares of the insurance provider’s stock worth $395,000 after buying an additional 16 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Markel Group by 3.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 2,427 shares of the insurance provider’s stock worth $3,807,000 after buying an additional 76 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after buying an additional 10,973 shares during the period. Finally, Greenleaf Trust raised its holdings in shares of Markel Group by 7.9% in the third quarter. Greenleaf Trust now owns 206 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 15 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

Shares of NYSE MKL traded up $2.19 during trading on Friday, reaching $1,580.32. 4,148 shares of the company traded hands, compared to its average volume of 41,717. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock has a market cap of $20.55 billion, a P/E ratio of 8.52 and a beta of 0.73. The firm’s fifty day simple moving average is $1,568.25 and its 200 day simple moving average is $1,563.54.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, research analysts anticipate that Markel Group Inc. will post 89.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MKL shares. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Citigroup increased their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group boosted 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. Finally, TD Cowen began coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average target price of $1,643.50.

Insider Activity at Markel Group

In other news, Director Lawrence A. Cunningham acquired 20 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the transaction, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.71% of the stock is owned by company insiders.

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.