Cary Street Partners Financial LLC Sells 1,363 Shares of Markel Group Inc. $MKL

Key Points

• Cary Street Partners Financial LLC cut its Markel Group stake by 65.2% in the fourth quarter, selling 1,363 shares and leaving it with 726 shares worth about $1.56 million.
• Markel Group’s stock drew mixed analyst sentiment: several firms issued or maintained Hold/Neutral views, while one cut the rating to Sell. The consensus rating remains Hold with a target price of $2,025.
• The company recently reported weaker-than-expected quarterly results, posting an EPS loss of ($18.90) versus expectations of $26.38 and revenue of $3.55 billion versus $3.66 billion estimated.

Cary Street Partners Financial LLC trimmed its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 65.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 726 shares of the insurance provider's stock after selling 1,363 shares during the quarter. Cary Street Partners Financial LLC's holdings in Markel Group were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MKL. Brighton Jones LLC bought a new stake in Markel Group during the fourth quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Markel Group by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider's stock worth $204,000 after buying an additional 13 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider's stock worth $64,883,000 after buying an additional 3,083 shares during the last quarter. Empowered Funds LLC grew its stake in Markel Group by 49.1% during the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider's stock worth $778,000 after buying an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Markel Group during the second quarter worth about $463,000. 77.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MKL. Wall Street Zen cut shares of Markel Group from a "buy" rating to a "sell" rating in a research note on Saturday, May 2nd. Truist Financial reduced their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Markel Group from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday, April 29th. Finally, Brean Capital assumed coverage on shares of Markel Group in a research report on Tuesday, March 24th. They set a "neutral" rating and a $2,100.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $2,025.00.

Markel Group Trading Down 0.2%

Shares of NYSE MKL opened at $1,843.44 on Friday. The company's 50 day simple moving average is $1,884.57 and its 200 day simple moving average is $2,008.86. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The firm has a market capitalization of $23.06 billion, a P/E ratio of 13.28 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. On average, analysts predict that Markel Group Inc. will post 113.55 EPS for the current year.

Insider Buying and Selling at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the transaction, the director owned 645 shares of the company's stock, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diane Leopold bought 50 shares of the firm's stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the transaction, the director owned 550 shares of the company's stock, valued at $984,054.50. This represents a 10.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is owned by corporate insiders.

Markel Group Company Profile

Markel Group NYSE: MKL is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.

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