Markel Group Inc. $MKL Shares Sold by Studio Investment Management LLC

Studio Investment Management LLC cut its stake in shares of Markel Group Inc. (NYSE:MKL) by 3.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 199 shares of the insurance provider’s stock after selling 7 shares during the period. Studio Investment Management LLC’s holdings in Markel Group were worth $397,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MKL. Sierra Ocean LLC acquired a new position in Markel Group during the first quarter worth $28,000. Cary Street Partners Investment Advisory LLC raised its position in Markel Group by 183.3% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 11 shares during the period. Atlas Capital Advisors Inc. acquired a new position in Markel Group during the first quarter worth $32,000. Ameritas Advisory Services LLC acquired a new position in Markel Group during the second quarter worth $38,000. Finally, Wayfinding Financial LLC acquired a new position in Markel Group during the first quarter worth $54,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MKL shares. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research report on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1,930.50.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,906.40 on Wednesday. The firm has a 50-day simple moving average of $1,936.69 and a 200-day simple moving average of $1,918.96. The stock has a market capitalization of $24.12 billion, a price-to-earnings ratio of 11.43 and a beta of 0.78. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the business earned $18.62 earnings per share. Markel Group’s revenue was up 24.3% compared to the same quarter last year. On average, equities analysts predict 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.