Hunter Associates Investment Management LLC Sells 230 Shares of Markel Group Inc. (NYSE:MKL)

Hunter Associates Investment Management LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 30.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 515 shares of the insurance provider’s stock after selling 230 shares during the period. Hunter Associates Investment Management LLC’s holdings in Markel Group were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MKL. Brooklyn Investment Group acquired a new stake in Markel Group in the 3rd quarter valued at $31,000. Toth Financial Advisory Corp boosted 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 in the last quarter. Larson Financial Group LLC bought a new stake in shares of Markel Group in the 3rd quarter worth about $36,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group during the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Markel Group during the 3rd quarter valued at about $42,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Performance

MKL stock opened at $1,831.59 on Friday. The company has a 50 day moving average price of $1,747.98 and a 200 day moving average price of $1,637.94. 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 stock has a market capitalization of $23.55 billion, a PE ratio of 8.45 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Analysts forecast that Markel Group Inc. will post 86.92 EPS for the current year.

Wall Street Analyst Weigh In

MKL has been the topic of several research analyst reports. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group increased their price target 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. Royal Bank of Canada dropped 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 report on Friday, November 1st. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.