Markel Group Inc. (NYSE:MKL) Stake Trimmed by Balentine LLC

Balentine LLC lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 222 shares of the insurance provider’s stock after selling 72 shares during the period. Balentine LLC’s holdings in Markel Group were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKL. Opal Wealth Advisors LLC grew its position in Markel Group by 2.3% during the 4th quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock worth $452,000 after purchasing an additional 7 shares in the last quarter. Signaturefd LLC raised its position in Markel Group by 4.9% during the fourth quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock valued at $214,000 after buying an additional 7 shares during the period. Intellectus Partners LLC lifted its stake in Markel Group by 1.9% in the 4th quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock worth $609,000 after acquiring an additional 8 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Markel Group by 1.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock worth $616,000 after acquiring an additional 8 shares during the period. Finally, Parisi Gray Wealth Management grew its stake in Markel Group by 1.7% during the 4th quarter. Parisi Gray Wealth Management now owns 541 shares of the insurance provider’s stock valued at $768,000 after acquiring an additional 9 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank of Canada raised their price target 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. Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. Truist Financial increased their price objective 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, Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,520.00.

Markel Group Trading Up 0.7 %

NYSE:MKL opened at $1,648.60 on Thursday. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 8.90 and a beta of 0.69. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $1,526.73 and its 200-day moving average is $1,462.73.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.62 billion. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. Equities analysts anticipate that Markel Group Inc. will post 83.47 EPS 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.