Markel Group Inc. (NYSE:MKL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,623 shares of the insurance provider’s stock after selling 271 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of Markel Group worth $19,800,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Gold Investment Management Ltd. grew its holdings in shares of Markel Group by 0.6% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after purchasing an additional 7 shares during the period. Epic Trust Investment Advisors LLC lifted its stake in Markel Group by 4.6% during the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 8 shares in the last quarter. Freedom Day Solutions LLC lifted its stake 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 acquiring an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in Markel Group by 1.1% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after acquiring an additional 8 shares in the last quarter. Finally, Financial Advocates Investment Management raised its position in Markel Group by 3.2% in the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 8 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MKL has been the topic of a number of analyst reports. 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 report on Friday, November 1st. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Citigroup raised their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,651.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,670.71 on Wednesday. The stock has a fifty day moving average price of $1,584.11 and a 200 day moving average price of $1,583.15. The stock has a market cap of $21.49 billion, a PE ratio of 7.71 and a beta of 0.73. Markel Group Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,733.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last released its quarterly 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 return on equity of 10.86% and a net margin of 17.03%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Sell-side analysts forecast that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.

Markel Group 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.