Select Equity Group L.P. Sells 40,126 Shares of Markel Group Inc. (NYSE:MKL)

Select Equity Group L.P. cut its holdings in Markel Group Inc. (NYSE:MKL) by 76.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,662 shares of the insurance provider’s stock after selling 40,126 shares during the period. Select Equity Group L.P.’s holdings in Markel Group were worth $19,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKL. Vanguard Group Inc. lifted its stake in Markel Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after buying an additional 9,216 shares during the period. Davis Selected Advisers raised its position in shares of Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after purchasing an additional 970 shares during the period. Boston Partners lifted its holdings in shares of Markel Group by 36.7% in the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after purchasing an additional 57,528 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Markel Group by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after purchasing an additional 5,310 shares during the period. Finally, Northern Trust Corp increased its stake in Markel Group by 2.0% during the 4th quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock valued at $128,183,000 after purchasing an additional 1,775 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In other news, Director Lawrence A. Cunningham purchased 20 shares of the stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.71% of the company’s stock.

Markel Group Stock Up 1.1 %

Shares of NYSE MKL opened at $1,574.72 on Friday. The business’s fifty day moving average price is $1,562.47 and its 200-day moving average price is $1,554.82. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The stock has a market capitalization of $20.48 billion, a PE ratio of 8.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping the consensus estimate of $20.76 by $5.19. The firm 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%. On average, equities research analysts anticipate that Markel Group Inc. will post 89.1 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen began coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price for the company. Finally, Citigroup boosted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,626.83.

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.