Focus Partners Wealth Reduces Stake in Markel Group Inc. $MKL

Focus Partners Wealth reduced its position in Markel Group Inc. (NYSE:MKL) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,880 shares of the insurance provider’s stock after selling 203 shares during the period. Focus Partners Wealth’s holdings in Markel Group were worth $14,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Markel Group in the 1st quarter worth $28,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after buying an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Markel Group in the 1st quarter worth $32,000. ST Germain D J Co. Inc. lifted its position in Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 15 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its position in Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 26 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $1,820.33.

Markel Group Price Performance

NYSE MKL opened at $1,955.12 on Friday. The business’s fifty day moving average is $1,967.95 and its 200 day moving average is $1,906.64. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92. The company has a market capitalization of $24.73 billion, a PE ratio of 11.73 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating the consensus estimate of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the business earned $18.62 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

About Markel Group

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.