Park Avenue Securities LLC Decreases Position in Markel Group Inc. (NYSE:MKL)

Park Avenue Securities LLC decreased its position in Markel Group Inc. (NYSE:MKL) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 148 shares of the insurance provider’s stock after selling 21 shares during the period. Park Avenue Securities LLC’s holdings in Markel Group were worth $256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. 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. Geode Capital Management LLC raised its holdings in Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after acquiring an additional 10,254 shares during the period. Jennison Associates LLC raised its holdings in Markel Group by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock valued at $112,362,000 after acquiring an additional 1,689 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Markel Group by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock worth $87,398,000 after acquiring an additional 766 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings 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 worth $72,490,000 after acquiring an additional 133 shares during the period. 77.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MKL shares. 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 report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on shares of 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. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Stock Up 0.0 %

MKL stock opened at $1,810.98 on Friday. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,817.81. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 8.35 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $1,740.16 and its 200 day moving average is $1,632.86.

Markel Group (NYSE:MKL) last posted 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). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Sell-side analysts predict that Markel Group Inc. will post 86.92 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.