Y Intercept Hong Kong Ltd Has $232,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

Y Intercept Hong Kong Ltd lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 89.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148 shares of the insurance provider’s stock after selling 1,288 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Markel Group were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKL. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after purchasing an additional 14,507 shares in the last quarter. State Street Corp raised its position in shares of Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Markel Group by 15.4% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after buying an additional 11,357 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after acquiring an additional 10,973 shares during the period. Finally, Marshall Wace LLP bought a new stake in Markel Group in the 2nd quarter valued at $15,596,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MKL shares. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Jefferies Financial Group lifted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada cut their target price 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 report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Down 1.9 %

Shares of NYSE:MKL 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 business’s 50 day simple moving average is $1,662.96 and its two-hundred day simple moving average is $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. The firm has a market cap of $21.58 billion, a P/E ratio of 7.74 and a beta of 0.77.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) 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 net margin of 17.03% and a return on equity of 10.86%. As a group, research analysts forecast that Markel Group Inc. will post 86.73 EPS 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.