LGT Financial Advisors LLC Has $39,000 Stock Position in Markel Group Inc. (NYSE:MKL)

LGT Financial Advisors LLC cut its holdings in Markel Group Inc. (NYSE:MKL) by 45.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25 shares of the insurance provider’s stock after selling 21 shares during the period. LGT Financial Advisors LLC’s holdings in Markel Group were worth $39,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its stake in shares of Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after acquiring an additional 558 shares in the last quarter. Solitude Financial Services bought a new position in shares of Markel Group in the second quarter valued at approximately $1,182,000. Sei Investments Co. lifted 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. Price T Rowe Associates Inc. MD boosted its holdings in shares of Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after buying an additional 359 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in Markel Group by 89.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider’s stock valued at $1,270,000 after buying an additional 395 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 5.6 %

Markel Group stock opened at $1,646.17 on Thursday. Markel Group Inc. has a 12 month low of $1,317.00 and a 12 month high of $1,670.24. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 7.59 and a beta of 0.73. The business has a 50 day moving average price of $1,568.10 and a two-hundred day moving average price of $1,571.31. 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 (NYSE:MKL) last issued 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 forecast that Markel Group Inc. will post 89.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MKL. Citigroup upped their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Jefferies Financial Group increased their target price on 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. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada reduced their price objective on 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 analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Markel Group presently 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.