WealthPlan Investment Management LLC Sells 20 Shares of Markel Group Inc. $MKL

WealthPlan Investment Management LLC reduced its stake in Markel Group Inc. (NYSE:MKL) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565 shares of the insurance provider’s stock after selling 20 shares during the period. WealthPlan Investment Management LLC’s holdings in Markel Group were worth $1,129,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Markel Group in the first quarter worth about $28,000. Cary Street Partners Investment Advisory LLC raised its stake in Markel Group by 183.3% in the first 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 in the last quarter. Atlas Capital Advisors Inc. bought a new position in Markel Group in the first quarter worth about $32,000. Ameritas Advisory Services LLC bought a new position in Markel Group in the second quarter worth about $38,000. Finally, Wayfinding Financial LLC bought a new position in shares of Markel Group during the first quarter valued at approximately $54,000. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Down 1.7%

NYSE:MKL opened at $1,883.01 on Friday. The company’s 50 day moving average price is $1,937.51 and its 200-day moving average price is $1,916.64. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 11.29 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating analysts’ consensus estimates of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the company posted $18.62 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MKL has been the subject of a number of analyst reports. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,930.50.

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.