GAM Holding AG Decreases Stock Holdings in Markel Group Inc. $MKL

GAM Holding AG decreased its position in shares of Markel Group Inc. (NYSE:MKL) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,031 shares of the insurance provider’s stock after selling 506 shares during the period. GAM Holding AG’s holdings in Markel Group were worth $12,046,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in Markel Group during the first quarter valued at $28,000. Cary Street Partners Investment Advisory LLC increased 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 valued at $32,000 after acquiring an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Markel Group during the first quarter valued at $32,000. Chilton Capital Management LLC bought a new position in Markel Group during the second quarter valued at $32,000. Finally, Ameritas Advisory Services LLC bought a new position in Markel Group during the second quarter valued at $38,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the topic of a number of analyst reports. Weiss Ratings reiterated 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,930.50.

Markel Group Trading Up 6.1%

NYSE MKL opened at $1,937.52 on Friday. The company’s 50-day moving average price is $1,926.10 and its 200-day moving average price is $1,925.92. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a market cap of $24.51 billion, a PE ratio of 12.13 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. Equities research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current 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.