Markel Group Inc. (NYSE:MKL) Shares Sold by 2Xideas AG

2Xideas AG lessened its position in shares of Markel Group Inc. (NYSE:MKL) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,080 shares of the insurance provider’s stock after selling 263 shares during the quarter. 2Xideas AG owned 0.05% of Markel Group worth $10,772,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Markel Group during the fourth quarter worth $30,000. Blue Trust Inc. raised its stake in shares of Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after buying an additional 12 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Markel Group during the 4th quarter valued at about $57,000. Evermay Wealth Management LLC acquired a new position in shares of Markel Group in the 1st quarter valued at about $75,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Markel Group in the first quarter worth about $81,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. TD Cowen began coverage on shares of Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. 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 report on Friday, May 3rd. Royal Bank of Canada increased 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, Citigroup lifted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. One 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, the company presently has an average rating of “Hold” and a consensus target price of $1,626.83.

Insider Activity

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

Markel Group Price Performance

NYSE MKL traded up $20.32 during trading hours on Tuesday, hitting $1,645.39. 42,896 shares of the company’s stock traded hands, compared to its average volume of 45,024. The company has a market capitalization of $21.39 billion, a PE ratio of 8.89 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The firm’s 50-day moving average is $1,585.96 and its 200-day moving average is $1,527.06.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a return on equity of 11.18% and a net margin of 15.23%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.62 billion. Equities analysts forecast that Markel Group Inc. will post 82.93 EPS for the current fiscal 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.