Epoch Investment Partners Inc. Cuts Holdings in Markel Group Inc. (NYSE:MKL)

Epoch Investment Partners Inc. reduced its position in Markel Group Inc. (NYSE:MKL) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,306 shares of the insurance provider’s stock after selling 2,032 shares during the quarter. Epoch Investment Partners Inc. owned about 0.46% of Markel Group worth $93,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MKL. Watchman Group Inc. raised its position in Markel Group by 0.3% in the fourth quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock valued at $3,344,000 after purchasing an additional 8 shares during the period. Opal Wealth Advisors LLC raised its position in Markel Group by 2.5% in the first quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock valued at $496,000 after purchasing an additional 8 shares during the period. Wambolt & Associates LLC raised its position in Markel Group by 3.4% in the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 8 shares during the period. Epic Trust Investment Advisors LLC raised its position in Markel Group by 4.6% in 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 during the period. Finally, Equitable Trust Co. raised its position in Markel Group by 4.5% in the first quarter. Equitable Trust Co. now owns 209 shares of the insurance provider’s stock valued at $318,000 after purchasing an additional 9 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Down 0.9 %

Shares of Markel Group stock opened at $1,570.59 on Friday. The company has a market capitalization of $20.42 billion, a PE ratio of 8.48 and a beta of 0.73. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The business has a 50-day moving average of $1,565.78 and a 200-day moving average of $1,553.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, equities analysts forecast that Markel Group Inc. will post 89.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lawrence A. Cunningham purchased 20 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now owns 743 shares of the company’s stock, valued at $1,123,787.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MKL. Citigroup raised their price objective 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. TD Cowen initiated coverage on Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,626.83.

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.