Markel Group Inc. $MKL Stock Position Trimmed by Bay Rivers Group

Bay Rivers Group cut its position in Markel Group Inc. (NYSE:MKL) by 3.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 245 shares of the insurance provider’s stock after selling 10 shares during the quarter. Bay Rivers Group’s holdings in Markel Group were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Markel Group in the 1st quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC lifted its position in 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 valued at $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Markel Group in the 1st quarter valued at about $32,000. ST Germain D J Co. Inc. lifted its position in Markel Group by 300.0% in the 1st 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 during the last quarter. Finally, McIlrath & Eck LLC lifted its position in Markel Group by 866.7% in the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 26 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Argus upgraded shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,820.33.

Markel Group Stock Down 1.4%

NYSE MKL opened at $1,926.00 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The company’s 50 day simple moving average is $1,966.79 and its 200 day simple moving average is $1,906.75. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. The company has a market capitalization of $24.36 billion, a P/E ratio of 11.55 and a beta of 0.82.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping the consensus estimate of $24.74 by $0.72. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the firm posted $18.62 earnings per share. Equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.