Los Angeles Capital Management LLC Has $12.27 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Los Angeles Capital Management LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 50.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,823 shares of the insurance provider’s stock after selling 7,928 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Markel Group were worth $12,271,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MKL. Boston Partners grew its stake in Markel Group by 36.7% in the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after buying an additional 57,528 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in Markel Group by 15.4% in 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 buying an additional 11,357 shares during the last quarter. International Assets Investment Management LLC grew its stake in Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after buying an additional 10,973 shares during the last quarter. Marshall Wace LLP acquired a new position in Markel Group in the 2nd quarter valued at $15,596,000. Finally, D. E. Shaw & Co. Inc. grew its stake in Markel Group by 52.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 22,341 shares of the insurance provider’s stock valued at $35,202,000 after buying an additional 7,659 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MKL. Jefferies Financial Group raised their target price on shares of 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. Citigroup raised their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average target price of $1,651.83.

Markel Group Stock Up 0.1 %

Shares of NYSE:MKL opened at $1,651.69 on Tuesday. Markel Group Inc. has a one year low of $1,339.72 and a one year high of $1,676.56. The company has a 50 day moving average of $1,569.99 and a 200-day moving average of $1,574.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 7.62 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, sell-side analysts forecast that Markel Group Inc. will post 89.27 earnings per share 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.