Markel Group Inc. (NYSE:MKL) Shares Sold by RAM Investment Partners LLC

RAM Investment Partners LLC reduced its holdings in Markel Group Inc. (NYSE:MKL) by 28.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148 shares of the insurance provider’s stock after selling 60 shares during the quarter. RAM Investment Partners LLC’s holdings in Markel Group were worth $233,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MKL. GAMMA Investing LLC acquired a new position in shares of Markel Group during the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Markel Group during the 2nd quarter worth about $55,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Markel Group in the 4th quarter worth approximately $57,000. Evermay Wealth Management LLC bought a new position in shares of Markel Group in the first quarter valued at approximately $75,000. Finally, Crewe Advisors LLC acquired a new position in shares of Markel Group during the first quarter valued at approximately $81,000. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MKL. Royal Bank of Canada upped their target price on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Citigroup upped their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Truist Financial lifted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, TD Cowen initiated coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned 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 at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of Markel Group stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Up 0.6 %

Shares of MKL stock traded up $8.89 on Friday, reaching $1,600.13. 42,503 shares of the company’s stock traded hands, compared to its average volume of 43,442. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.61 and a current ratio of 0.60. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The business’s 50 day moving average price is $1,567.91 and its two-hundred day moving average price is $1,543.10. The company has a market capitalization 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. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. On average, equities analysts forecast that Markel Group Inc. will post 82.11 earnings per share for the current 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.