Brandywine Global Investment Management LLC Sells 418 Shares of Markel Group Inc. $MKL

Key Points

• Brandywine Global Investment Management LLC reduced its holdings in Markel Group Inc. by 6.9% in Q1, now owning 5,652 shares valued at approximately $10.57 million.
• Markel Group announced a strong Q2 earnings report with EPS of $25.46, exceeding estimates and showing a 24.3% year-over-year revenue increase to $4.82 billion.
• Analysts at Argus upgraded Markel Group from a "hold" to a "buy" rating, with the stock currently having an average price target of $1,820.33.

Brandywine Global Investment Management LLC reduced its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 6.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,652 shares of the insurance provider's stock after selling 418 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Markel Group were worth $10,567,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Markel Group during the 1st quarter valued at $115,000. GAMMA Investing LLC lifted its holdings 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 in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Markel Group during the first quarter worth $372,000. Check Capital Management Inc. CA lifted its holdings 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 in the last quarter. Finally, Values Added Financial LLC lifted its holdings 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 in the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Markel Group Price Performance

MKL traded up $14.9480 on Wednesday, hitting $1,970.3880. 50,626 shares of the stock were exchanged, compared to its average volume of 57,159. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92. The business has a 50-day moving average of $1,973.50 and a two-hundred day moving average of $1,899.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 11.82 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate of $24.74 by $0.72. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $18.62 earnings per share. Sell-side analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was 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. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.66% of the company's stock.

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.