Lathrop Investment Management Corp Sells 91 Shares of Markel Group Inc. (NYSE:MKL)

Lathrop Investment Management Corp lessened its stake in Markel Group Inc. (NYSE:MKL) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,577 shares of the insurance provider’s stock after selling 91 shares during the period. Markel Group accounts for 2.2% of Lathrop Investment Management Corp’s portfolio, making the stock its 21st largest holding. Lathrop Investment Management Corp owned about 0.06% of Markel Group worth $11,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Gold Investment Management Ltd. increased its position in shares of Markel Group by 0.6% in the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after buying an additional 7 shares in the last quarter. Epic Trust Investment Advisors LLC raised its holdings in shares of Markel Group by 4.6% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 8 shares during the period. Freedom Day Solutions LLC boosted its position in Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Markel Group by 1.1% during the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after acquiring an additional 8 shares during the period. Finally, Financial Advocates Investment Management boosted its stake in shares of Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after buying an additional 8 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MKL. 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 for the company in a report on Friday, November 1st. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group upped their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One equities research 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Stock Up 1.4 %

MKL stock opened at $1,718.45 on Friday. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 7.93 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a fifty day moving average of $1,590.22 and a 200-day moving average of $1,584.56. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,733.58.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.74 billion. As a group, equities research analysts predict that Markel Group Inc. will post 89.27 earnings per share for the current 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.