Metis Global Partners LLC Raises Stock Holdings in Markel Group Inc. (NYSE:MKL)

Metis Global Partners LLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 513 shares of the insurance provider’s stock after purchasing an additional 47 shares during the quarter. Metis Global Partners LLC’s holdings in Markel Group were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MKL. Sei Investments Co. increased its stake in shares of Markel Group by 41.7% in the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock worth $6,554,000 after buying an additional 1,268 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Markel Group by 4.7% in the 1st quarter. Intech Investment Management LLC now owns 758 shares of the insurance provider’s stock worth $1,153,000 after purchasing an additional 34 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Markel Group by 176.6% in the 1st quarter. Edgestream Partners L.P. now owns 1,333 shares of the insurance provider’s stock valued at $2,028,000 after purchasing an additional 851 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Markel Group by 3.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,006 shares of the insurance provider’s stock valued at $3,052,000 after purchasing an additional 71 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its position in shares of Markel Group by 90.0% during the first quarter. UniSuper Management Pty Ltd now owns 190 shares of the insurance provider’s stock worth $289,000 after purchasing an additional 90 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Performance

Shares of MKL opened at $1,707.64 on Monday. 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 Inc. has a 1 year low of $1,342.66 and a 1 year high of $1,733.58. The firm has a fifty day moving average of $1,581.08 and a 200-day moving average of $1,581.49. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 7.88 and a beta of 0.73.

Markel Group (NYSE:MKL) last posted its 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 firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, equities analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MKL. Citigroup upped their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group boosted 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. Finally, Royal Bank of Canada dropped their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average target price of $1,651.83.

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.