Horizon Kinetics Asset Management LLC Has $3.94 Million Stake in Markel Group Inc. (NYSE:MKL)

Horizon Kinetics Asset Management LLC cut its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,514 shares of the insurance provider’s stock after selling 37 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Markel Group were worth $3,943,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Davis Selected Advisers boosted its position in Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after acquiring an additional 970 shares during the last quarter. Boston Partners increased its holdings in Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after purchasing an additional 57,528 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after purchasing an additional 5,310 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in shares of 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 valued at $134,320,000 after acquiring an additional 11,357 shares during the period. Finally, Jennison Associates LLC increased its stake in Markel Group by 2.4% in the third quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock valued at $112,362,000 after purchasing an additional 1,689 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MKL. Jefferies Financial Group raised their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their price objective on shares of 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. Finally, StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Stock Up 0.5 %

Markel Group stock opened at $1,759.01 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $22.62 billion, a P/E ratio of 8.07 and a beta of 0.73. The firm has a 50 day moving average price of $1,597.58 and a 200-day moving average price of $1,586.16. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,764.87.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS 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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. As a group, equities analysts predict that Markel Group Inc. will post 88.52 EPS for the current year.

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.