Ridgewood Investments LLC Has $3.40 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Ridgewood Investments LLC trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,968 shares of the insurance provider’s stock after selling 45 shares during the quarter. Markel Group accounts for approximately 1.6% of Ridgewood Investments LLC’s investment portfolio, making the stock its 6th largest holding. Ridgewood Investments LLC’s holdings in Markel Group were worth $3,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MKL. SpiderRock Advisors LLC raised its holdings in shares of Markel Group by 199.4% in the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 315 shares in the last quarter. Versor Investments LP raised its holdings in shares of Markel Group by 72.4% in the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after acquiring an additional 160 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Markel Group in the second quarter valued at about $2,803,000. Franklin Resources Inc. raised its holdings in shares of Markel Group by 10.4% in the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after acquiring an additional 527 shares in the last quarter. Finally, State Street Corp raised its holdings 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 acquiring an additional 13,372 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

NYSE MKL traded down $45.64 during trading hours on Friday, reaching $1,662.09. The stock had a trading volume of 18,154 shares, compared to its average volume of 45,397. The stock has a fifty day moving average of $1,712.76 and a 200 day moving average of $1,617.71. The stock has a market cap of $21.38 billion, a P/E ratio of 7.67 and a beta of 0.78. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Sell-side analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current year.

Analysts Set New Price Targets

MKL has been the subject of a number of recent research reports. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group boosted their target price 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. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Finally, Royal Bank of Canada dropped 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 research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,626.83.

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.