Markel Group Inc. (NYSE:MKL) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 29.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,010 shares of the insurance provider’s stock after selling 423 shares during the quarter. King Luther Capital Management Corp’s holdings in Markel Group were worth $1,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Watchman Group Inc. lifted its stake in Markel Group by 0.3% in the fourth quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock worth $3,344,000 after acquiring an additional 8 shares during the last quarter. Opal Wealth Advisors LLC lifted its position in shares of Markel Group by 2.5% during the 1st quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock worth $496,000 after purchasing an additional 8 shares during the last quarter. Wambolt & Associates LLC grew its stake in shares of Markel Group by 3.4% during the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock worth $362,000 after purchasing an additional 8 shares in the last quarter. Epic Trust Investment Advisors LLC increased its holdings 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 buying an additional 8 shares during the last quarter. Finally, Equitable Trust Co. raised its stake 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 buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, Director Lawrence A. Cunningham purchased 20 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.71% of the company’s stock.

Markel Group Trading Down 0.9 %

MKL opened at $1,570.59 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The business’s 50 day moving average is $1,565.78 and its two-hundred day moving average is $1,553.30. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of 8.48 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. On average, research analysts predict that Markel Group Inc. will post 89.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MKL shares. TD Cowen assumed coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. Citigroup increased their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average price target 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.