Amundi Lowers Stock Holdings in Markel Group Inc. $MKL

Key Points

• Amundi reduced its stock holdings in Markel Group Inc. by 3.2% during the first quarter, now owning 17,599 shares valued at approximately $32.16 million.
• Markel Group reported quarterly earnings of $25.46 per share, exceeding expectations and demonstrating a 24.3% year-over-year revenue increase.
• Several institutional investors, including GAMMA Investing LLC and Epoch Investment Partners Inc., significantly increased their stakes in Markel Group, highlighting strong interest in the company despite Amundi's reduction.

Amundi reduced its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,599 shares of the insurance provider's stock after selling 577 shares during the period. Amundi owned approximately 0.14% of Markel Group worth $32,161,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Markel Group during the first quarter valued at approximately $115,000. GAMMA Investing LLC grew its stake in shares of Markel Group by 12.7% during the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after buying an additional 7 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Markel Group during the first quarter worth $372,000. Check Capital Management Inc. CA grew its stake in shares of Markel Group by 2.5% during the first quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock worth $147,860,000 after buying an additional 1,921 shares during the last quarter. Finally, Values Added Financial LLC grew its stake in shares of Markel Group by 42.0% during the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after buying an additional 447 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

Shares of Markel Group stock traded down $6.98 during mid-day trading on Friday, hitting $1,957.05. 7,725 shares of the stock were exchanged, compared to its average volume of 55,278. The company has a 50-day simple moving average of $1,968.79 and a 200 day simple moving average of $1,906.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. The company has a market capitalization of $24.76 billion, a P/E ratio of 11.74 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the business posted $18.62 EPS. Markel Group's quarterly revenue was up 24.3% compared to the same quarter last year. Sell-side analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Markel Group presently has an average rating of "Hold" and an average target price of $1,820.33.

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.