Fifth Third Bancorp Trims Stake in Markel Group Inc. (NYSE:MKL)

Fifth Third Bancorp trimmed its position in Markel Group Inc. (NYSE:MKL) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172 shares of the insurance provider’s stock after selling 25 shares during the quarter. Fifth Third Bancorp’s holdings in Markel Group were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its stake in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after buying an additional 13,372 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after acquiring an additional 10,254 shares during the period. Jennison Associates LLC raised its position in shares of Markel Group by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after acquiring an additional 1,689 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock worth $87,398,000 after purchasing an additional 766 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Markel Group by 0.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock worth $72,490,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,829.52 on Friday. The stock has a fifty day simple moving average of $1,751.84 and a 200-day simple moving average of $1,640.90. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $23.53 billion, a PE ratio of 8.44 and a beta of 0.78. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,842.48.

Markel Group (NYSE:MKL) last issued its quarterly earnings results 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). The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Equities analysts anticipate that Markel Group Inc. will post 86.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Royal Bank of Canada decreased their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a 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 stock a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,626.83.

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.