Markel Group Inc. (NYSE:MKL) Position Trimmed by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB reduced its holdings in Markel Group Inc. (NYSE:MKL) by 14.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 288 shares of the insurance provider’s stock after selling 49 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Markel Group were worth $497,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp lifted its holdings 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 acquiring an additional 13,372 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $327,131,000 after purchasing an additional 10,254 shares during the last quarter. Jennison Associates LLC boosted its position in Markel Group by 2.4% during the 3rd 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 period. Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 766 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in Markel Group by 0.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock valued at $72,490,000 after buying an additional 133 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,788.87 on Wednesday. The stock has a market cap of $23.00 billion, a price-to-earnings ratio of 8.25 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,811.81. The stock’s 50 day moving average price is $1,730.43 and its 200 day moving average price is $1,626.19.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS 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 firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Equities research analysts anticipate that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on MKL. 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 lowered shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Jefferies Financial Group boosted their price objective 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. Finally, Royal Bank of Canada cut their target price on 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, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus 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.