Dover Advisors LLC Decreases Stock Position in Markel Group Inc. (NYSE:MKL)

Dover Advisors LLC reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261 shares of the insurance provider’s stock after selling 14 shares during the period. Dover Advisors LLC’s holdings in Markel Group were worth $409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in Markel Group in the third quarter valued at approximately $427,000. Creative Planning lifted its stake in Markel Group by 10.9% during the third quarter. Creative Planning now owns 5,584 shares of the insurance provider’s stock worth $8,759,000 after purchasing an additional 549 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in Markel Group by 0.4% in the third quarter. Wedge Capital Management L L P NC now owns 10,314 shares of the insurance provider’s stock valued at $16,178,000 after buying an additional 46 shares during the last quarter. Procyon Advisors LLC lifted its stake in Markel Group by 1.7% in the third quarter. Procyon Advisors LLC now owns 1,410 shares of the insurance provider’s stock valued at $2,212,000 after buying an additional 24 shares during the last quarter. Finally, Crestmont Private Wealth LLC lifted its stake in Markel Group by 8.3% in the third quarter. Crestmont Private Wealth LLC now owns 287 shares of the insurance provider’s stock valued at $450,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 0.4 %

Shares of Markel Group stock traded down $5.91 during trading on Tuesday, hitting $1,562.27. 33,941 shares of the stock traded hands, compared to its average volume of 42,100. The stock has a market cap of $20.31 billion, a P/E ratio of 8.47 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,670.24. The company has a fifty day moving average price of $1,558.27 and a two-hundred day moving average price of $1,560.05.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates 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 89.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on MKL. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. 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 report on Tuesday, July 23rd. TD Cowen began coverage on Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. Finally, Jefferies Financial Group lifted their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Markel Group has an average rating of “Hold” and an average price target of $1,643.50.

Insider Activity

In related news, Director Lawrence A. Cunningham bought 20 shares of Markel Group stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the acquisition, the director now owns 743 shares in the company, valued at $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.71% of the stock is owned by corporate insiders.

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.