Markel Group Inc. (NYSE:MKL) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC cut its stake in shares of Markel Group Inc. (NYSE:MKL) by 96.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 205 shares of the insurance provider’s stock after selling 5,732 shares during the period. Motley Fool Asset Management LLC’s holdings in Markel Group were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKL. Norges Bank bought a new stake in shares of Markel Group in the 4th quarter valued at approximately $214,216,000. Boston Partners boosted its position in Markel Group by 400.1% during the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after acquiring an additional 125,507 shares during the period. Global Assets Advisory LLC acquired a new position in Markel Group during the 1st quarter worth $133,143,000. Jennison Associates LLC boosted its position in Markel Group by 111.3% during the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock worth $110,745,000 after acquiring an additional 41,086 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in Markel Group during the 1st quarter worth $60,937,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other news, Director Steven A. Markel sold 3,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Greta J. Harris sold 122 shares of the firm’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 transaction, the director now owns 634 shares of the company’s stock, valued at $1,027,606.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 66,668 shares in the company, valued at approximately $109,228,184.52. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

Markel Group Stock Up 0.6 %

NYSE:MKL opened at $1,620.22 on Thursday. The business’s fifty day moving average price is $1,595.32 and its 200 day moving average price is $1,515.01. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 8.75 and a beta of 0.73. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. On average, sell-side analysts forecast that Markel Group Inc. will post 82.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Truist Financial boosted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, TD Cowen initiated coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,597.67.

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.