Jane Street Group LLC Sells 1,394 Shares of Markel Group Inc. (NYSE:MKL)

Jane Street Group LLC lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 34.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,613 shares of the insurance provider’s stock after selling 1,394 shares during the quarter. Jane Street Group LLC’s holdings in Markel Group were worth $4,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp boosted its holdings in Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Davis Selected Advisers grew its holdings in shares of Markel Group by 0.3% in the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after acquiring an additional 970 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after acquiring an additional 5,310 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after acquiring an additional 11,357 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Markel Group by 2.4% during the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock valued at $112,362,000 after purchasing an additional 1,689 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Performance

Shares of MKL stock opened at $1,677.46 on Thursday. 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 market capitalization of $21.58 billion, a price-to-earnings ratio of 7.74 and a beta of 0.77. The company has a 50-day simple moving average of $1,662.96 and a 200 day simple moving average of $1,601.35. 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 posted its earnings results 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 firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, sell-side analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of analyst reports. Jefferies Financial Group upped their price objective 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. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, 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 on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, Markel Group has an average rating of “Hold” and an average price target 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.