American Trust Has $265,000 Holdings in Markel Group Inc. (NYSE:MKL)

American Trust trimmed its position in shares of Markel Group Inc. (NYSE:MKL) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169 shares of the insurance provider’s stock after selling 7 shares during the quarter. American Trust’s holdings in Markel Group were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new position in Markel Group during the third quarter valued at approximately $31,000. Toth Financial Advisory Corp raised its holdings in shares of Markel Group by 1,000.0% during 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 acquired a new stake in shares of Markel Group in the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Markel Group in the 3rd quarter valued at $42,000. Finally, UMB Bank n.a. boosted its holdings in Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MKL. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada reduced their target price 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, Jefferies Financial Group increased their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Trading Down 0.3 %

Markel Group stock opened at $1,737.07 on Friday. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $22.34 billion, a PE ratio of 8.01 and a beta of 0.77. The business’s 50-day simple moving average is $1,651.42 and its 200-day simple moving average is $1,598.82.

Markel Group (NYSE:MKL) last issued its quarterly 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 return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Equities research analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current year.

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.