Markel Group Inc. (NYSE:MKL) Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lessened its stake in Markel Group Inc. (NYSE:MKL) by 0.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 88,415 shares of the insurance provider’s stock after selling 31 shares during the period. Markel Group makes up approximately 3.2% of Fenimore Asset Management Inc’s holdings, making the stock its 9th biggest holding. Fenimore Asset Management Inc’s holdings in Markel Group were worth $152,625,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MKL. Empirical Asset Management LLC acquired a new stake in shares of Markel Group during the fourth quarter worth $54,173,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after acquiring an additional 14,507 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Markel Group by 167.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after acquiring an additional 14,022 shares during the last quarter. State Street Corp boosted its stake in 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 during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the topic of several recent research reports. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. 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 for the company in a research report on Friday, November 1st. Finally, Jefferies Financial Group lifted their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Trading Up 0.0 %

Shares of 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 firm has a market capitalization of $23.29 billion, a PE ratio of 8.35 and a beta of 0.78. The stock has a fifty day moving average of $1,740.16 and a two-hundred day moving average of $1,632.29. 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 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). The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, research analysts expect that Markel Group Inc. will post 86.92 EPS for the current year.

About Markel Group

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.