Markel Group Inc. (NYSE:MKL) Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its position in Markel Group Inc. (NYSE:MKL) by 6.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,920 shares of the insurance provider’s stock after selling 595 shares during the period. Citigroup Inc.’s holdings in Markel Group were worth $13,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MKL. Raymond James Trust N.A. grew its stake in Markel Group by 23.0% in the 3rd quarter. Raymond James Trust N.A. now owns 557 shares of the insurance provider’s stock valued at $874,000 after acquiring an additional 104 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Markel Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after purchasing an additional 766 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of 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 purchasing an additional 133 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Markel Group by 18.4% during the 3rd quarter. Intech Investment Management LLC now owns 862 shares of the insurance provider’s stock worth $1,352,000 after purchasing an additional 134 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Markel Group by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after purchasing an additional 1,689 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MKL. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada cut their price objective on shares of 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. Finally, Jefferies Financial Group raised their target price on shares of 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 issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,651.83.

Markel Group Stock Up 0.5 %

Shares of Markel Group stock opened at $1,785.11 on Friday. The business has a 50-day moving average price of $1,613.70 and a 200 day moving average price of $1,590.65. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The firm has a market cap of $22.96 billion, a P/E ratio of 8.23 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced 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). The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, sell-side analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current fiscal 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.