Sebold Capital Management Inc. Buys 49 Shares of Markel Group Inc. (NYSE:MKL)

Sebold Capital Management Inc. grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 24.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246 shares of the insurance provider’s stock after purchasing an additional 49 shares during the period. Sebold Capital Management Inc.’s holdings in Markel Group were worth $374,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC lifted its position in Markel Group by 2.3% during the 4th quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock valued at $452,000 after acquiring an additional 7 shares during the period. Signaturefd LLC lifted its position in Markel Group by 4.9% during the 4th quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock valued at $214,000 after acquiring an additional 7 shares during the period. Intellectus Partners LLC lifted its position in Markel Group by 1.9% during the 4th quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock valued at $609,000 after acquiring an additional 8 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in Markel Group by 1.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock valued at $616,000 after acquiring an additional 8 shares during the period. Finally, Watchman Group Inc. lifted its position in Markel Group by 0.3% during the 4th quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock valued at $3,344,000 after acquiring an additional 8 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL traded up $2.49 during mid-day trading on Friday, hitting $1,572.95. 68,642 shares of the company traded hands, compared to its average volume of 31,690. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a 50-day moving average price of $1,565.17 and a two-hundred day moving average price of $1,492.21. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24. The stock has a market cap of $20.45 billion, a price-to-earnings ratio of 8.49 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing the consensus estimate of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Equities analysts anticipate that Markel Group Inc. will post 82.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MKL shares. Janney Montgomery Scott reaffirmed a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. Truist Financial lifted their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada lifted their target price on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1,520.00.

Insider Activity

In other news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares of the company’s stock, valued at $1,027,606.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the sale, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Markel Group 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.