Markel Group Inc. (NYSE:MKL) Position Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in Markel Group Inc. (NYSE:MKL) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,800 shares of the insurance provider’s stock after selling 164 shares during the period. Janney Montgomery Scott LLC’s holdings in Markel Group were worth $8,286,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Markel Group during the third quarter valued at $31,000. Toth Financial Advisory Corp lifted its stake in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Markel Group in the third quarter worth about $36,000. Global Trust Asset Management LLC purchased a new position in shares of Markel Group in the fourth quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Markel Group during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MKL. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada lowered their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group increased 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. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,829.01 on Tuesday. The firm has a market cap of $23.52 billion, a P/E ratio of 8.44 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 fifty-two week low of $1,342.66 and a fifty-two week high of $1,842.48. The stock’s 50-day moving average is $1,740.16 and its two-hundred day moving average is $1,633.36.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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). The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Markel Group 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.