Fiduciary Alliance LLC Decreases Stake in Markel Group Inc. (NYSE:MKL)

Fiduciary Alliance LLC cut its holdings in Markel Group Inc. (NYSE:MKL) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,544 shares of the insurance provider’s stock after selling 224 shares during the period. Fiduciary Alliance LLC’s holdings in Markel Group were worth $2,330,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MKL. GAMMA Investing LLC purchased a new position in Markel Group in the fourth quarter worth $30,000. Blue Trust Inc. increased its position in shares of Markel Group by 133.3% in the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 12 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Markel Group during the fourth quarter worth about $57,000. Benjamin F. Edwards & Company Inc. increased its holdings in Markel Group by 40.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 80 shares of the insurance provider’s stock valued at $114,000 after purchasing an additional 23 shares during the period. Finally, iA Global Asset Management Inc. bought a new stake in shares of Markel Group in the 3rd quarter worth approximately $125,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was 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 of the company’s stock, valued at approximately $1,027,606.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 completion of the transaction, the director now owns 66,668 shares in the company, valued at approximately $109,228,184.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Greta J. Harris sold 122 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the sale, the director now owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

MKL has been the subject of several research analyst reports. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Truist Financial upped their price objective 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 upped their price target on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,520.00.

Markel Group Stock Performance

Markel Group stock traded down $3.45 during trading on Friday, reaching $1,575.66. The company had a trading volume of 155,565 shares, compared to its average volume of 35,845. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $20.48 billion, a price-to-earnings ratio of 8.51 and a beta of 0.73. The firm’s 50-day simple moving average is $1,579.75 and its 200 day simple moving average is $1,499.72.

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

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.