Markel Group Inc. (NYSE:MKL) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in Markel Group Inc. (NYSE:MKL) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,631 shares of the insurance provider’s stock after selling 31 shares during the quarter. Bank of Montreal Can’s holdings in Markel Group were worth $5,740,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Markel Group during the 2nd quarter worth approximately $55,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Markel Group in the fourth quarter worth $57,000. GAMMA Investing LLC lifted its stake in Markel Group by 90.0% in the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock valued at $58,000 after buying an additional 18 shares during the last quarter. Evermay Wealth Management LLC acquired a new position in shares of Markel Group during the first quarter valued at $75,000. Finally, Crewe Advisors LLC bought a new position in shares of Markel Group during the first quarter worth about $81,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,568.58 on Tuesday. The stock’s 50 day moving average price is $1,562.35 and its 200 day moving average price is $1,556.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $20.40 billion, a price-to-earnings ratio of 8.47 and a beta of 0.73. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24.

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

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of analyst reports. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. TD Cowen initiated coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. Finally, Citigroup lifted 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,626.83.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the acquisition, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.71% of the stock is owned by corporate insiders.

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.