Oddo BHF Asset Management Sas Invests $3.13 Million in Markel Group Inc. (NYSE:MKL)

Oddo BHF Asset Management Sas acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) in the third quarter, HoldingsChannel reports. The firm acquired 1,992 shares of the insurance provider’s stock, valued at approximately $3,125,000.

Several other hedge funds also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new position in shares of Markel Group during the third quarter worth approximately $31,000. Toth Financial Advisory Corp raised its position in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Markel Group in the 3rd quarter worth $36,000. Wilmington Savings Fund Society FSB bought a new position in shares of Markel Group during the 3rd quarter worth $42,000. Finally, UMB Bank n.a. increased its stake in shares of Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after buying an additional 25 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MKL. Royal Bank of Canada lowered their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group increased their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Trading Down 0.3 %

NYSE MKL opened at $1,737.07 on Friday. The firm has a market cap of $22.34 billion, a PE ratio of 8.01 and a beta of 0.77. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week 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. The company has a 50 day moving average price of $1,651.42 and a 200 day moving average price of $1,598.82.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, sell-side analysts forecast that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

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.