Geode Capital Management LLC Sells 6,506 Shares of Markel Group Inc. $MKL

Geode Capital Management LLC cut its stake in Markel Group Inc. (NYSE:MKL) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,499 shares of the insurance provider’s stock after selling 6,506 shares during the quarter. Geode Capital Management LLC owned about 1.69% of Markel Group worth $425,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baxter Bros Inc. raised its stake in shares of Markel Group by 1.0% in the second quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock valued at $1,272,000 after acquiring an additional 6 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Markel Group by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock worth $3,507,000 after buying an additional 6 shares during the period. Flagship Harbor Advisors LLC raised its holdings in shares of Markel Group by 4.7% in the second quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock worth $270,000 after buying an additional 6 shares during the period. Fidelis Capital Partners LLC lifted its stake in shares of Markel Group by 3.4% during the 2nd quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock worth $352,000 after acquiring an additional 6 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Markel Group by 0.3% during the second quarter. Parallel Advisors LLC now owns 2,759 shares of the insurance provider’s stock valued at $5,511,000 after purchasing an additional 9 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Down 1.0%

Shares of NYSE MKL opened at $2,060.41 on Friday. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,109.91. The stock’s fifty day simple moving average is $1,942.11 and its two-hundred day simple moving average is $1,945.61. The stock has a market capitalization of $25.98 billion, a PE ratio of 12.90 and a beta of 0.77. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. As a group, analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MKL shares. Cowen reiterated a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average target price of $1,930.50.

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.