Markel Group Inc. (NYSE:MKL) is Ridgewood Investments LLC’s 6th Largest Position

Ridgewood Investments LLC decreased its holdings in Markel Group Inc. (NYSE:MKL) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,968 shares of the insurance provider’s stock after selling 45 shares during the period. Markel Group makes up about 1.6% of Ridgewood Investments LLC’s holdings, making the stock its 6th biggest holding. Ridgewood Investments LLC’s holdings in Markel Group were worth $3,398,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after buying an additional 13,372 shares during the last quarter. Geode Capital Management LLC raised its holdings in Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after buying an additional 10,254 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Markel Group by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock worth $178,931,000 after purchasing an additional 5,310 shares in the last quarter. Jennison Associates LLC raised its holdings in Markel Group by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider’s stock worth $112,362,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Markel Group by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock worth $87,398,000 after purchasing an additional 766 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL traded down $45.64 on Friday, reaching $1,662.09. 18,154 shares of the stock were exchanged, compared to its average volume of 45,397. Markel Group Inc. has a one year low of $1,342.66 and a one year high of $1,809.11. The firm has a market capitalization of $21.38 billion, a PE ratio of 7.67 and a beta of 0.78. The company’s 50-day simple moving average is $1,712.76 and its two-hundred day simple moving average is $1,617.71. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Analysts expect that Markel Group Inc. will post 86.73 EPS for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of a number of recent research reports. Royal Bank of Canada reduced 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 research report on Friday, November 1st. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Jefferies Financial Group upped their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.