Arete Wealth Advisors LLC Reduces Holdings in Markel Group Inc. (NYSE:MKL)

Arete Wealth Advisors LLC lessened its position in shares of Markel Group Inc. (NYSE:MKL) by 1.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 521 shares of the insurance provider’s stock after selling 9 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Markel Group were worth $812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position 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 valued at $12,684,000 after acquiring an additional 359 shares during the period. Swedbank AB acquired a new position in shares of Markel Group in the first quarter worth $2,462,000. Cetera Investment Advisers lifted its position in shares of Markel Group by 172.4% in the first quarter. Cetera Investment Advisers now owns 1,253 shares of the insurance provider’s stock valued at $1,906,000 after acquiring an additional 793 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Markel Group during the first quarter worth $545,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Markel Group by 4.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,735 shares of the insurance provider’s stock valued at $2,631,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

NYSE:MKL opened at $1,782.92 on Friday. Markel Group Inc. has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market cap of $22.93 billion, a P/E ratio of 8.22 and a beta of 0.73. The business’s 50-day moving average price is $1,617.95 and its 200 day moving average price is $1,591.69.

Markel Group (NYSE:MKL) last issued its quarterly 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 business had revenue of $3.69 billion for 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%. As a group, sell-side analysts predict that Markel Group Inc. will post 88.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MKL. Jefferies Financial Group increased their price objective 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. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Markel Group 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.