Fort Washington Investment Advisors Inc. OH Sells 313 Shares of Markel Group Inc. (NYSE:MKL)

Fort Washington Investment Advisors Inc. OH trimmed its stake in Markel Group Inc. (NYSE:MKL) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,818 shares of the insurance provider’s stock after selling 313 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.60% of Markel Group worth $122,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Markel Group during the 4th quarter valued at $214,216,000. Boston Partners lifted its stake in Markel Group by 400.1% during the fourth quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after purchasing an additional 125,507 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Markel Group during the first quarter worth about $133,143,000. Confluence Investment Management LLC purchased a new position in shares of Markel Group in the 1st quarter worth about $60,937,000. Finally, TD Asset Management Inc increased its position in shares of Markel Group by 248.2% during the 4th quarter. TD Asset Management Inc now owns 40,277 shares of the insurance provider’s stock valued at $57,189,000 after purchasing an additional 28,711 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.6 %

Shares of NYSE MKL traded up $8.89 during mid-day trading on Friday, hitting $1,600.13. The stock had a trading volume of 42,503 shares, compared to its average volume of 43,442. The business has a 50 day moving average price of $1,567.91 and a two-hundred day moving average price of $1,543.10. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.61 and a current ratio of 0.60. The firm has a market cap of $20.81 billion, a P/E ratio of 8.64 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, equities analysts anticipate that Markel Group Inc. will post 82.11 EPS for the current fiscal year.

Insider Activity at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction 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 acquisition, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Citigroup boosted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. TD Cowen started coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. Finally, Truist Financial boosted their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,626.83.

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.