D.A. Davidson & CO. Sells 51 Shares of Markel Group Inc. (NYSE:MKL)

D.A. Davidson & CO. lowered its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,907 shares of the insurance provider’s stock after selling 51 shares during the quarter. D.A. Davidson & CO.’s holdings in Markel Group were worth $2,991,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MKL. Toth Financial Advisory Corp lifted its position in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new position in Markel Group during the third quarter valued at $36,000. UMB Bank n.a. lifted its position in Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Markel Group during the second quarter valued at $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Markel Group in the 2nd quarter worth about $55,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.5 %

MKL stock opened at $1,785.11 on Friday. The firm has a 50 day moving average of $1,613.70 and a 200 day moving average of $1,590.65. The stock has a market capitalization of $22.96 billion, a PE ratio of 8.23 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11.

Markel Group (NYSE:MKL) last announced 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 analyst estimates of $3.74 billion. Sell-side analysts forecast that Markel Group Inc. will post 88.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MKL. Royal Bank of Canada lowered their target price on shares of 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. Jefferies Financial Group raised 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. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average price target of $1,651.83.

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.