Amalgamated Bank Sells 741 Shares of Markel Group Inc. (NYSE:MKL)

Amalgamated Bank reduced its stake in Markel Group Inc. (NYSE:MKL) by 48.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 786 shares of the insurance provider’s stock after selling 741 shares during the quarter. Amalgamated Bank’s holdings in Markel Group were worth $1,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp raised its stake 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 valued at $35,000 after purchasing an additional 20 shares during the period. UMB Bank n.a. raised its position in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after buying an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Markel Group in the 2nd quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Markel Group in the 2nd quarter valued at approximately $55,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Markel Group during the 2nd quarter worth approximately $65,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 0.1 %

Markel Group stock opened at $1,655.49 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50-day moving average is $1,572.70 and its 200-day moving average is $1,577.37. The firm has a market capitalization of $21.29 billion, a PE ratio of 7.64 and a beta of 0.73. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,676.56.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS 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 the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Sell-side analysts anticipate that Markel Group Inc. will post 89.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MKL. 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 report on Wednesday, October 9th. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup raised their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada dropped their target price on 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, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company 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.