Assenagon Asset Management S.A. Has $13.16 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Assenagon Asset Management S.A. lowered its stake in Markel Group Inc. (NYSE:MKL) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,389 shares of the insurance provider’s stock after selling 1,495 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Markel Group were worth $13,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davis Selected Advisers increased its position in shares of Markel Group by 0.3% during the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after purchasing an additional 970 shares during the last quarter. Boston Partners grew its stake in shares of Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after buying an additional 57,528 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after buying an additional 5,310 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Markel Group by 4.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 85,464 shares of the insurance provider’s stock worth $129,441,000 after acquiring an additional 3,560 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after acquiring an additional 11,357 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the topic of several recent analyst reports. Jefferies Financial Group boosted 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 research note on Wednesday, October 9th. TD Cowen assumed coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,643.50.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,549.80 on Monday. The firm has a market cap of $20.15 billion, a P/E ratio of 8.37 and a beta of 0.73. The business’s 50 day moving average is $1,568.28 and its 200-day moving average is $1,564.34. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. Equities research analysts predict that Markel Group Inc. will post 91.55 earnings per share for the current year.

Insiders Place Their Bets

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.71% of the company’s stock.

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.