Markel Group Inc. (NYSE:MKL) Shares Sold by Northwest Quadrant Wealth Management LLC

Northwest Quadrant Wealth Management LLC lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 11.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 161 shares of the insurance provider’s stock after selling 20 shares during the period. Northwest Quadrant Wealth Management LLC’s holdings in Markel Group were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MKL. Vanguard Group Inc. raised its stake in Markel Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after purchasing an additional 9,216 shares during the period. Davis Selected Advisers lifted its stake in Markel Group by 0.3% in the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after acquiring an additional 970 shares in the last quarter. Boston Partners boosted its position in Markel Group by 36.7% during the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after acquiring an additional 57,528 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Markel Group by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after purchasing an additional 5,310 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Markel Group by 2.0% in the fourth quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock worth $128,183,000 after purchasing an additional 1,775 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of research reports. TD Cowen assumed coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price for the company. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, Citigroup increased 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

Markel Group stock traded up $38.12 during mid-day trading on Friday, reaching $1,603.69. The company had a trading volume of 29,211 shares, compared to its average volume of 42,276. The company has a 50 day moving average of $1,562.31 and a 200-day moving average of $1,557.60. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of 8.66 and a beta of 0.73.

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 the consensus estimate of $20.76 by $5.19. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. On average, sell-side analysts expect that Markel Group Inc. will post 89.1 EPS for the current fiscal year.

Insider Transactions at Markel Group

In related news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.71% of the stock is 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.