Markel Group Inc. $MKL Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 24,954 shares of the insurance provider’s stock after selling 717 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Markel Group were worth $42,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MKL. JANA Partners Management LP boosted its stake in shares of Markel Group by 1.9% during the second quarter. JANA Partners Management LP now owns 76,743 shares of the insurance provider’s stock worth $149,880,000 after buying an additional 1,436 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Markel Group by 18.4% in the 2nd quarter. Hsbc Holdings PLC now owns 33,966 shares of the insurance provider’s stock valued at $66,423,000 after purchasing an additional 5,269 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Markel Group during the second quarter worth $68,051,000. The Manufacturers Life Insurance Company bought a new stake in shares of Markel Group in the second quarter worth $2,340,000. Finally, Quantbot Technologies LP bought a new stake in Markel Group during the second quarter valued at $5,486,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on MKL shares. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings cut Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $2,025.00.

Markel Group Price Performance

MKL stock opened at $1,952.22 on Thursday. The stock has a market cap of $23.88 billion, a price-to-earnings ratio of 13.87 and a beta of 0.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.66 and a quick ratio of 0.66. The company has a 50 day simple moving average of $1,805.09 and a 200 day simple moving average of $1,896.95. Markel Group Inc. has a 1 year low of $1,704.17 and a 1 year high of $2,207.59.

Markel Group Company Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.