Mitsubishi UFJ Trust & Banking Corp Cuts Stock Holdings in Markel Group Inc. $MKL

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Markel Group Inc. (NYSE:MKL) by 11.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,333 shares of the insurance provider’s stock after selling 4,777 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.30% of Markel Group worth $74,567,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Chilton Capital Management LLC purchased a new position in shares of Markel Group in the 2nd quarter valued at $32,000. Cary Street Partners Investment Advisory LLC grew its stake in Markel Group by 183.3% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Markel Group in the first quarter worth about $32,000. Ameritas Advisory Services LLC purchased a new stake in shares of Markel Group during the second quarter valued at about $38,000. Finally, Barrett & Company Inc. boosted its holdings in shares of Markel Group by 166.7% in the 2nd quarter. Barrett & Company Inc. now owns 32 shares of the insurance provider’s stock valued at $64,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

NYSE:MKL opened at $2,091.24 on Thursday. The firm’s fifty day moving average is $1,936.61 and its two-hundred day moving average is $1,942.04. The firm has a market cap of $26.37 billion, a price-to-earnings ratio of 13.09 and a beta of 0.77. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,096.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. Research analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research note on Tuesday. Cowen reissued a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,930.50.

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.