Park Avenue Securities LLC Has $265,000 Holdings in Markel Group Inc. (NYSE:MKL)

Park Avenue Securities LLC lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 31.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169 shares of the insurance provider’s stock after selling 77 shares during the quarter. Park Avenue Securities LLC’s holdings in Markel Group were worth $265,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MKL. Assenagon Asset Management S.A. increased its stake in Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after buying an additional 558 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Markel Group by 2.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after acquiring an additional 888 shares in the last quarter. Solitude Financial Services acquired a new stake in Markel Group during the second quarter valued at $1,182,000. Sei Investments Co. grew its stake in Markel Group by 41.7% in the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after purchasing an additional 359 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MKL shares. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. TD Cowen assumed coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. Citigroup raised their price target 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, Jefferies Financial Group upped 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 report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Price Performance

NYSE MKL opened at $1,557.18 on Monday. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24. The company has a fifty day simple moving average of $1,557.14 and a 200 day simple moving average of $1,559.50. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The company has a market cap of $20.25 billion, a P/E ratio of 8.41 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. On average, sell-side analysts predict that Markel Group Inc. will post 89.94 EPS for the current year.

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.