Markel Group Inc. (NYSE:MKL) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in shares of Markel Group Inc. (NYSE:MKL) by 42.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167 shares of the insurance provider’s stock after selling 125 shares during the period. Inspire Investing LLC’s holdings in Markel Group were worth $263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Watchman Group Inc. raised its position in Markel Group by 0.3% in the 4th 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 last quarter. Opal Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 8 shares during the last quarter. Wambolt & Associates LLC raised its holdings in shares of 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 buying an additional 8 shares during the last quarter. Epic Trust Investment Advisors LLC boosted its stake in shares of Markel Group by 4.6% during the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after buying an additional 8 shares during the period. Finally, Equitable Trust Co. increased its position in Markel Group by 4.5% in the 1st quarter. Equitable Trust Co. now owns 209 shares of the insurance provider’s stock valued at $318,000 after acquiring an additional 9 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD Cowen started coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price on the stock. Citigroup increased their price target 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. One research 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’s stock. Based on data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $1,626.83.

Insider Transactions at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of the firm’s 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 owns 743 shares in the company, valued at $1,123,787.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,572.16 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $1,564.50 and its two-hundred day moving average is $1,554.66. The stock has a market capitalization of $20.44 billion, a price-to-earnings ratio of 8.49 and a beta of 0.73. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24.

Markel Group (NYSE:MKL) last announced its quarterly earnings data 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 firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Research analysts expect that Markel Group Inc. will post 89.1 EPS for the current year.

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.