First Hawaiian Bank Sells 427 Shares of Markel Group Inc. (NYSE:MKL)

First Hawaiian Bank trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 33.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 858 shares of the insurance provider’s stock after selling 427 shares during the quarter. First Hawaiian Bank’s holdings in Markel Group were worth $1,481,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MKL. Savant Capital LLC increased its holdings in Markel Group by 122.2% in the 2nd quarter. Savant Capital LLC now owns 651 shares of the insurance provider’s stock valued at $1,026,000 after acquiring an additional 358 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Markel Group in the second quarter worth about $353,000. Choreo LLC lifted its position in shares of Markel Group by 62.0% in the second quarter. Choreo LLC now owns 873 shares of the insurance provider’s stock worth $1,375,000 after buying an additional 334 shares in the last quarter. Andra AP fonden boosted its stake in Markel Group by 14.8% during the second quarter. Andra AP fonden now owns 4,030 shares of the insurance provider’s stock valued at $6,350,000 after buying an additional 520 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Markel Group by 1.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 880 shares of the insurance provider’s stock valued at $1,387,000 after buying an additional 10 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MKL shares. Royal Bank of Canada lowered their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, 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 research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Markel Group presently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

Markel Group stock opened at $1,709.40 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $21.99 billion, a P/E ratio of 7.89 and a beta of 0.78. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The company’s 50-day moving average is $1,712.76 and its 200 day moving average is $1,617.71.

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

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.