Markel Group Inc. (NYSE:MKL) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its position in shares of Markel Group Inc. (NYSE:MKL) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,171,123 shares of the insurance provider’s stock after selling 20,591 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Markel Group worth $1,781,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Markel Group during the 4th quarter worth $18,145,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Markel Group by 2.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock valued at $48,412,000 after acquiring an additional 888 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Markel Group by 7.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after acquiring an additional 1,167 shares during the last quarter. Chicago Capital LLC acquired a new position in Markel Group during the 4th quarter worth approximately $3,313,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of Markel Group by 89.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider’s stock valued at $1,270,000 after purchasing an additional 395 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. TD Cowen initiated coverage on shares of Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. Truist Financial upped their price objective 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, Royal Bank of Canada increased 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $1,597.67.

Markel Group Price Performance

Markel Group stock traded up $0.76 during midday trading on Monday, reaching $1,574.16. The company’s stock had a trading volume of 11,675 shares, compared to its average volume of 44,865. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24. The firm has a market capitalization of $20.47 billion, a PE ratio of 8.50 and a beta of 0.73. The stock’s 50 day simple moving average is $1,593.28 and its 200 day simple moving average is $1,518.70.

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

Insider Transactions at Markel Group

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 stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Greta J. Harris sold 122 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value 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 sale was disclosed in a 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 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 transaction, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

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.