Amalgamated Bank Has $1.23 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Amalgamated Bank decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 48.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 786 shares of the insurance provider’s stock after selling 741 shares during the period. Amalgamated Bank’s holdings in Markel Group were worth $1,233,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Partners boosted its holdings in shares of Markel Group by 36.7% during the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after acquiring an additional 57,528 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its holdings in 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 purchasing an additional 11,357 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the period. Marshall Wace LLP acquired a new position in Markel Group in the 2nd quarter valued at $15,596,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in Markel Group by 52.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider’s stock valued at $35,202,000 after buying an additional 7,659 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MKL shares. Royal Bank of Canada dropped 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 report on Friday, November 1st. Jefferies Financial Group lifted their price objective on shares of 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. Citigroup boosted their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Finally, StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Trading Up 0.1 %

MKL opened at $1,655.49 on Thursday. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 7.64 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 Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,676.56. The company has a 50-day simple moving average of $1,572.70 and a 200 day simple moving average of $1,577.37.

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 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 for the quarter, compared to the consensus estimate of $3.74 billion. Analysts predict that Markel Group Inc. will post 89.27 EPS 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.