Blair William & Co. IL Sells 833 Shares of Markel Group Inc. (NYSE:MKL)

Blair William & Co. IL lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,702 shares of the insurance provider’s stock after selling 833 shares during the period. Blair William & Co. IL owned 0.07% of Markel Group worth $13,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its stake in Markel Group by 23.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 648 shares of the insurance provider’s stock worth $1,019,000 after purchasing an additional 123 shares in the last quarter. Amalgamated Bank lifted its position in shares of Markel Group by 106.4% in the second quarter. Amalgamated Bank now owns 1,527 shares of the insurance provider’s stock worth $2,406,000 after buying an additional 787 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Markel Group by 48.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,982 shares of the insurance provider’s stock valued at $12,576,000 after buying an additional 2,611 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Markel Group by 38.9% during the 2nd quarter. Renaissance Technologies LLC now owns 17,781 shares of the insurance provider’s stock valued at $28,017,000 after buying an additional 4,980 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in Markel Group in the 2nd quarter worth approximately $487,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the subject of a number of research reports. Citigroup increased their target price 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 assumed coverage on shares of Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Stock Performance

NYSE MKL opened at $1,584.66 on Friday. The business’s 50 day moving average price is $1,566.36 and its 200-day moving average price is $1,552.16. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24. The company has a market cap of $20.61 billion, a P/E ratio of 8.56 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60.

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

Insider Activity at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the transaction, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.71% of the stock is currently owned by insiders.

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.