Blair William & Co. IL Sells 211 Shares of Markel Group Inc. (NYSE:MKL)

Key Points

• Blair William & Co. IL has reduced its stake in Markel Group Inc. by 2.0%, now owning 10,083 shares valued at approximately $18.85 million.
• Scotia Capital Inc. increased its stake in Markel Group by 33.7%, while several other institutions also adjusted their positions, demonstrating active trading interest among hedge funds.
• Markel Group's recent quarterly earnings surpassed analyst expectations, reporting $25.46 EPS against a consensus estimate of $24.74, along with a notable revenue increase of 24.3% year-over-year.

Blair William & Co. IL lowered its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 2.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,083 shares of the insurance provider's stock after selling 211 shares during the period. Blair William & Co. IL owned approximately 0.08% of Markel Group worth $18,851,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Scotia Capital Inc. boosted its stake in shares of Markel Group by 33.7% in the 1st quarter. Scotia Capital Inc. now owns 1,076 shares of the insurance provider's stock worth $2,012,000 after buying an additional 271 shares during the last quarter. JCP Investment Management LLC increased its holdings in Markel Group by 0.5% during the first quarter. JCP Investment Management LLC now owns 9,435 shares of the insurance provider's stock valued at $17,640,000 after buying an additional 50 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Markel Group by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,915 shares of the insurance provider's stock worth $11,059,000 after acquiring an additional 158 shares during the last quarter. TIAA Trust National Association purchased a new stake in shares of Markel Group in the 1st quarter worth $518,000. Finally, Commerce Bank grew its holdings in Markel Group by 7.9% during the first quarter. Commerce Bank now owns 1,010 shares of the insurance provider's stock valued at $1,888,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1,820.33.

Insider Buying and Selling

In other news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director directly owned 632 shares in the company, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by company insiders.

Markel Group Price Performance

MKL traded up $18.53 during trading on Wednesday, reaching $1,957.11. 43,711 shares of the company traded hands, compared to its average volume of 44,072. The company has a market cap of $24.76 billion, a P/E ratio of 11.74 and a beta of 0.82. 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 $1,491.03 and a 12-month high of $2,075.92. The firm has a fifty day simple moving average of $1,975.57 and a 200 day simple moving average of $1,891.68.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating analysts' consensus estimates of $24.74 by $0.72. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%. The business's quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business posted $18.62 earnings per share. On average, equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current 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.