Victory Capital Management Inc. Sells 53 Shares of Markel Group Inc. (NYSE:MKL)

Victory Capital Management Inc. lessened its stake in Markel Group Inc. (NYSE:MKL) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,545 shares of the insurance provider’s stock after selling 53 shares during the period. Victory Capital Management Inc.’s holdings in Markel Group were worth $8,737,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Watchman Group Inc. raised its stake in shares of Markel Group by 0.3% during the fourth quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock worth $3,344,000 after buying an additional 8 shares during the last quarter. Opal Wealth Advisors LLC lifted its stake in shares of Markel Group by 2.5% in the 1st quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock valued at $496,000 after purchasing an additional 8 shares during the period. Wambolt & Associates LLC lifted its stake in shares of Markel Group by 3.4% in the 1st quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 8 shares during the period. Epic Trust Investment Advisors LLC boosted its position in shares of Markel Group by 4.6% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 8 shares during the last quarter. Finally, Equitable Trust Co. grew its stake in shares of Markel Group by 4.5% during the first quarter. Equitable Trust Co. now owns 209 shares of the insurance provider’s stock worth $318,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the subject of several analyst reports. Citigroup boosted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. TD Cowen assumed coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $1,626.83.

Insider Buying and Selling at Markel Group

In other news, Director Lawrence A. Cunningham acquired 20 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now owns 743 shares in the company, valued at $1,123,787.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.71% of the company’s stock.

Markel Group Price Performance

NYSE MKL opened at $1,557.58 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $20.16 billion, a price-to-earnings ratio of 8.41 and a beta of 0.73. The business has a 50 day simple moving average of $1,565.10 and a 200 day simple moving average of $1,550.66. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $20.76 by $5.19. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Analysts anticipate that Markel Group Inc. will post 89.1 earnings per share for the current fiscal 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.