UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $133.53 Million Stake in Markel Group Inc. (NYSE:MKL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Markel Group Inc. (NYSE:MKL) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,128 shares of the insurance provider’s stock after selling 12,437 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.66% of Markel Group worth $133,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after purchasing an additional 359 shares during the last quarter. Swedbank AB purchased a new stake in Markel Group in the 1st quarter valued at $2,462,000. Cetera Investment Advisers lifted its stake in Markel Group by 172.4% during the 1st quarter. Cetera Investment Advisers now owns 1,253 shares of the insurance provider’s stock valued at $1,906,000 after acquiring an additional 793 shares in the last quarter. Cetera Advisors LLC purchased a new position in Markel Group during the 1st quarter worth $545,000. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Markel Group by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,735 shares of the insurance provider’s stock worth $2,631,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,782.92 on Monday. The company’s 50 day moving average is $1,617.95 and its 200-day moving average is $1,590.97. The firm has a market cap of $22.93 billion, a P/E ratio of 8.22 and a beta of 0.73. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. 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 posted 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 company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Sell-side analysts predict that Markel Group Inc. will post 88.52 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of 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 lifted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. One 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’s stock. According to MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus price target of $1,651.83.

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.