Carmel Capital Partners LLC Sells 51 Shares of Markel Group Inc. (NYSE:MKL)

Carmel Capital Partners LLC reduced its position in Markel Group Inc. (NYSE:MKL) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 538 shares of the insurance provider’s stock after selling 51 shares during the period. Carmel Capital Partners LLC’s holdings in Markel Group were worth $844,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp boosted its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares in the last quarter. UMB Bank n.a. boosted its stake in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Markel Group in the 2nd quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Markel Group in the 2nd quarter worth approximately $55,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Markel Group in the 2nd quarter worth approximately $65,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 0.9 %

NYSE:MKL opened at $1,650.74 on Friday. The stock’s 50 day moving average price is $1,569.99 and its 200 day moving average price is $1,572.97. The company has a market capitalization of $21.23 billion, a PE ratio of 7.60 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 $1,325.00 and a 52-week high of $1,675.51.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The business had revenue of $3.69 billion during 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, research analysts anticipate that Markel Group Inc. will post 89.27 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on MKL shares. Royal Bank of Canada decreased their price objective 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 note on Friday, November 1st. Citigroup boosted 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 report on Tuesday, July 23rd. Jefferies Financial Group upped 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 raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,651.83.

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.