MCF Advisors LLC Sells 95 Shares of Markel Group Inc. (NYSE:MKL)

MCF Advisors LLC lowered its holdings in Markel Group Inc. (NYSE:MKL) by 27.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255 shares of the insurance provider’s stock after selling 95 shares during the period. MCF Advisors LLC’s holdings in Markel Group were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MKL. Norges Bank bought a new position in Markel Group in the fourth quarter valued at $214,216,000. Boston Partners grew its position in shares of Markel Group by 400.1% in the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after acquiring an additional 125,507 shares during the period. Global Assets Advisory LLC bought a new position in shares of Markel Group in the 1st quarter valued at about $133,143,000. Jennison Associates LLC grew its position in shares of Markel Group by 111.3% in the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after acquiring an additional 41,086 shares during the period. Finally, Confluence Investment Management LLC bought a new position in shares of Markel Group in the 1st quarter valued at about $60,937,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE:MKL traded down $3.45 during midday trading on Friday, hitting $1,575.66. The stock had a trading volume of 155,565 shares, compared to its average volume of 35,845. The company’s 50-day moving average price is $1,579.75 and its 200-day moving average price is $1,498.99. The company has a market capitalization of $20.49 billion, a P/E ratio of 8.51 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. 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 earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing the consensus estimate of $18.50 by ($0.33). The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.62 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. As a group, equities research analysts predict that Markel Group Inc. will post 82.83 EPS for the current fiscal year.

Insider Activity at Markel Group

In other Markel Group news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the sale, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the sale, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Truist Financial lifted their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Royal Bank of Canada raised their target price on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Finally, Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,520.00.

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.