Blueshift Asset Management LLC Takes $475,000 Position in Markel Group Inc. (NYSE:MKL)

Blueshift Asset Management LLC bought a new stake in Markel Group Inc. (NYSE:MKL) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 303 shares of the insurance provider’s stock, valued at approximately $475,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Markel Group during the 3rd quarter valued at $31,000. Toth Financial Advisory Corp raised its holdings in shares of 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 acquiring an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new position in Markel Group in the 3rd quarter valued at about $36,000. UMB Bank n.a. boosted its stake in Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Markel Group in the second quarter worth approximately $45,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Up 0.5 %

MKL stock opened at $1,785.11 on Thursday. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The stock has a market cap of $22.96 billion, a P/E ratio of 8.23 and a beta of 0.73. The stock’s fifty day simple moving average is $1,609.69 and its two-hundred day simple moving average is $1,589.29. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Analysts expect that Markel Group Inc. will post 88.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MKL. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada cut their price objective 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. Finally, Jefferies Financial Group increased 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 report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.