Cumberland Partners Ltd Acquires 500 Shares of Markel Group Inc. (NYSE:MKL)

Cumberland Partners Ltd lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 142.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 850 shares of the insurance provider’s stock after acquiring an additional 500 shares during the quarter. Cumberland Partners Ltd’s holdings in Markel Group were worth $1,333,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Davis Selected Advisers grew its position in shares of Markel Group by 0.3% during the 2nd 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 period. Boston Partners increased its position 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 buying an additional 57,528 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after buying an additional 5,310 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Markel Group by 4.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 85,464 shares of the insurance provider’s stock valued at $129,441,000 after buying an additional 3,560 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake 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 worth $134,320,000 after acquiring an additional 11,357 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup increased their target price 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 upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group lifted their price target on 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. Finally, Royal Bank of Canada decreased their price objective on 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average target price of $1,651.83.

Markel Group Price Performance

NYSE:MKL opened at $1,654.51 on Wednesday. Markel Group Inc. has a 52-week low of $1,339.72 and a 52-week high of $1,676.56. The stock has a fifty day moving average of $1,571.01 and a 200 day moving average of $1,575.84. 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 firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of 7.63 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, research analysts expect that Markel Group Inc. will post 89.27 EPS for the current fiscal 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.