Ellsworth Advisors LLC Sells 13 Shares of Markel Group Inc. (NYSE:MKL)

Ellsworth Advisors LLC trimmed its position in shares of Markel Group Inc. (NYSE:MKL) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,868 shares of the insurance provider’s stock after selling 13 shares during the quarter. Markel Group accounts for 1.3% of Ellsworth Advisors LLC’s portfolio, making the stock its 29th largest position. Ellsworth Advisors LLC’s holdings in Markel Group were worth $4,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empirical Asset Management LLC acquired a new position in shares of Markel Group in the 4th quarter valued at approximately $54,173,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings 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 buying an additional 14,507 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Markel Group by 167.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after acquiring an additional 14,022 shares in the last quarter. State Street Corp raised its holdings in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after acquiring an additional 13,372 shares during the period. Finally, International Assets Investment Management LLC lifted its position 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 acquiring an additional 10,973 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.4 %

NYSE MKL opened at $1,776.14 on Monday. Markel Group Inc. has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $1,727.94 and a 200-day moving average of $1,624.58. The company has a market cap of $22.84 billion, a PE ratio of 8.19 and a beta of 0.78.

Markel Group (NYSE:MKL) last announced 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 firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, equities research analysts anticipate that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada cut 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 research note on Friday, November 1st. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Finally, TD Cowen lowered 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,626.83.

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.