Jane Street Group LLC Has $4.10 Million Stake in Markel Group Inc. (NYSE:MKL)

Jane Street Group LLC reduced its stake in Markel Group Inc. (NYSE:MKL) by 34.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,613 shares of the insurance provider’s stock after selling 1,394 shares during the quarter. Jane Street Group LLC’s holdings in Markel Group were worth $4,099,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management raised its stake in Markel Group by 14.6% in the second quarter. Dakota Wealth Management now owns 236 shares of the insurance provider’s stock valued at $372,000 after purchasing an additional 30 shares in the last quarter. &PARTNERS acquired a new position in shares of Markel Group in the 2nd quarter valued at approximately $402,000. Goldstein Advisors LLC bought a new stake in shares of Markel Group during the 2nd quarter worth approximately $213,000. Sather Financial Group Inc boosted its position in shares of Markel Group by 8.0% during the 2nd quarter. Sather Financial Group Inc now owns 28,293 shares of the insurance provider’s stock worth $44,580,000 after acquiring an additional 2,085 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in Markel Group by 15.4% during 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 purchasing an additional 11,357 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 1.9 %

MKL opened at $1,677.46 on Thursday. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. The company has a fifty day moving average of $1,662.96 and a 200-day moving average of $1,601.35. The stock has a market cap of $21.58 billion, a PE ratio of 7.74 and a beta of 0.77. 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 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 analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, sell-side analysts predict that Markel Group Inc. will post 86.73 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Royal Bank of Canada lowered 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 report on Friday, November 1st. Finally, Jefferies Financial Group raised 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 research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,626.83.

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.