Sumitomo Mitsui Trust Group Inc. Has $48.94 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,203 shares of the insurance provider’s stock after selling 101 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Markel Group worth $48,944,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gold Investment Management Ltd. boosted its holdings in shares of Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after acquiring an additional 7 shares during the period. Epic Trust Investment Advisors LLC raised its position in Markel Group by 4.6% during the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 8 shares in the last quarter. Freedom Day Solutions LLC lifted its position in Markel Group by 0.5% in the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after buying an additional 8 shares during the last quarter. Hunter Associates Investment Management LLC boosted its stake in shares of Markel Group by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after purchasing an additional 8 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its stake in Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Markel Group stock opened at $1,707.64 on Friday. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,733.58. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $21.96 billion, a P/E ratio of 7.88 and a beta of 0.73. The stock’s 50 day moving average is $1,577.60 and its 200 day moving average is $1,578.86.

Markel Group (NYSE:MKL) last released its 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 company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, equities research analysts predict that Markel Group Inc. will post 89.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the subject of several research analyst reports. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday. Citigroup lifted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. 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 report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. One 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’s stock. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target of $1,651.83.

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.