Court Place Advisors LLC Has $5.72 Million Holdings in Markel Group Inc. (NYSE:MKL)

Court Place Advisors LLC trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,315 shares of the insurance provider’s stock after selling 143 shares during the period. Markel Group accounts for about 1.9% of Court Place Advisors LLC’s portfolio, making the stock its 15th biggest holding. Court Place Advisors LLC’s holdings in Markel Group were worth $5,722,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MKL. Empirical Asset Management LLC acquired a new stake in Markel Group during the 4th quarter valued at $54,173,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Markel Group by 3,729.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after purchasing an additional 14,507 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Markel Group by 167.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after buying an additional 14,022 shares during the last quarter. State Street Corp boosted its holdings in shares of Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after buying an additional 13,372 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after buying an additional 10,973 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,829.01 on Tuesday. The stock has a market capitalization of $23.52 billion, a PE ratio of 8.44 and a beta of 0.78. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,842.48. 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 business has a fifty day moving average price of $1,740.16 and a two-hundred day moving average price of $1,633.36.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. As a group, equities analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the subject of several research reports. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada reduced their price target on 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. Jefferies Financial Group increased their price objective on 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. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group 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.