Fidelis Capital Partners LLC Sells 8 Shares of Markel Group Inc. (NYSE:MKL)

Fidelis Capital Partners LLC decreased its position in Markel Group Inc. (NYSE:MKL) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192 shares of the insurance provider’s stock after selling 8 shares during the period. Fidelis Capital Partners LLC’s holdings in Markel Group were worth $287,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

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

Markel Group Stock Up 0.1 %

MKL stock opened at $1,572.27 on Tuesday. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 8.49 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. The business’s 50-day moving average is $1,565.27 and its two-hundred day moving average is $1,554.13. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping the consensus estimate of $20.76 by $5.19. The firm 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%. As a group, analysts forecast that Markel Group Inc. will post 89.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MKL. TD Cowen initiated 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. Citigroup lifted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.