Markel Group Inc. (NYSE:MKL) Shares Sold by Banyan Capital Management Inc.

Banyan Capital Management Inc. lessened its position in shares of Markel Group Inc. (NYSE:MKL) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,788 shares of the insurance provider’s stock after selling 93 shares during the period. Markel Group comprises 10.3% of Banyan Capital Management Inc.’s holdings, making the stock its 3rd largest position. Banyan Capital Management Inc. owned approximately 0.08% of Markel Group worth $16,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MKL. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Markel Group in the second quarter worth $55,000. Ables Iannone Moore & Associates Inc. bought a new stake in Markel Group during the 4th quarter worth about $57,000. GAMMA Investing LLC boosted its stake in shares of Markel Group by 90.0% during the 1st quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock worth $58,000 after buying an additional 18 shares during the last quarter. Evermay Wealth Management LLC acquired a new position in shares of Markel Group during the 1st quarter worth about $75,000. Finally, Crewe Advisors LLC bought a new position in shares of Markel Group in the 1st quarter valued at about $81,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,584.66 on Friday. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,670.24. The company has a market cap of $20.61 billion, a PE ratio of 8.56 and a beta of 0.73. The business’s 50 day moving average price is $1,566.36 and its two-hundred day moving average price is $1,552.16. 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 (NYSE:MKL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. On average, analysts predict that Markel Group Inc. will post 89.1 EPS for the current year.

Wall Street Analysts Forecast Growth

MKL has been the topic of several analyst reports. Citigroup upped their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. 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 for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,626.83.

Insider Activity

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

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.