Motley Fool Asset Management LLC Sells 5,734 Shares of Markel Group Inc. (NYSE:MKL)

Motley Fool Asset Management LLC lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 96.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203 shares of the insurance provider’s stock after selling 5,734 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Markel Group were worth $309,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Markel Group in the 4th quarter worth approximately $18,145,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position 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 purchasing an additional 888 shares during the last quarter. Sei Investments Co. lifted its position in Markel Group by 41.7% in the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after purchasing an additional 1,268 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Markel Group by 89.8% in the first 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. Finally, Solidarity Wealth LLC lifted its position in Markel Group by 18.7% in the fourth quarter. Solidarity Wealth LLC now owns 4,586 shares of the insurance provider’s stock valued at $6,512,000 after purchasing an additional 721 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

MKL has been the subject of several recent research reports. TD Cowen initiated coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. Citigroup boosted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada boosted their target price on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Finally, Truist Financial boosted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. One equities research 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. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Performance

Shares of NYSE MKL traded down $63.03 during trading on Thursday, hitting $1,575.82. The company had a trading volume of 13,830 shares, compared to its average volume of 44,855. The stock has a 50 day simple moving average of $1,585.77 and a 200 day simple moving average of $1,527.85. 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 12 month low of $1,295.65 and a 12 month high of $1,670.24. The firm has a market capitalization of $20.49 billion, a P/E ratio of 8.85 and a beta of 0.73.

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 the consensus estimate of $18.50 by ($0.33). The company 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%. As a group, analysts anticipate that Markel Group Inc. will post 82.11 earnings per share for the current year.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 3,000 shares of Markel Group stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the sale, the director now owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Markel Group news, Director Steven A. Markel sold 3,000 shares of Markel Group stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the sale, the director now owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Greta J. Harris sold 122 shares of Markel Group 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 sale, the director now directly owns 634 shares in the company, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Markel Group 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.