Check Capital Management Inc. CA Sells 1,306 Shares of Markel Group Inc. $MKL

Key Points

• Check Capital Management Inc. CA has reduced its stake in Markel Group Inc. by 1.7%, owning 77,780 shares after selling 1,306 shares in the second quarter.
• Markel Group reported $25.46 earnings per share for the latest quarter, exceeding estimates by $0.72, with a 24.3% year-over-year revenue increase to $4.82 billion.
• Institutional investors hold 77.12% of Markel Group's stock, reflecting significant interest from large financial entities in the company.

Check Capital Management Inc. CA decreased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,780 shares of the insurance provider's stock after selling 1,306 shares during the quarter. Markel Group makes up 5.3% of Check Capital Management Inc. CA's holdings, making the stock its 3rd biggest position. Check Capital Management Inc. CA owned about 0.61% of Markel Group worth $155,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. CWM LLC grew its position in shares of Markel Group by 26.4% in the second quarter. CWM LLC now owns 488 shares of the insurance provider's stock valued at $975,000 after purchasing an additional 102 shares during the period. Board of the Pension Protection Fund acquired a new stake in shares of Markel Group in the second quarter valued at about $519,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Markel Group by 28.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,021 shares of the insurance provider's stock worth $2,040,000 after buying an additional 227 shares in the last quarter. Sather Financial Group Inc lifted its stake in shares of Markel Group by 0.6% in the second quarter. Sather Financial Group Inc now owns 26,489 shares of the insurance provider's stock worth $52,908,000 after buying an additional 157 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Markel Group by 17.0% in the second quarter. Concurrent Investment Advisors LLC now owns 461 shares of the insurance provider's stock worth $920,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Cowen reissued a "hold" rating on shares of Markel Group in a research note on Tuesday. Weiss Ratings reissued a "buy (b)" rating on shares of Markel Group in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $1,930.50.

Markel Group Stock Performance

NYSE:MKL opened at $1,920.98 on Friday. 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 $24.30 billion, a price-to-earnings ratio of 11.52 and a beta of 0.78. The company's 50-day moving average is $1,938.63 and its two-hundred day moving average is $1,915.42. Markel Group Inc. has a 1-year low of $1,521.25 and a 1-year high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating the consensus estimate of $24.74 by $0.72. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. Markel Group's revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the business posted $18.62 EPS. 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.

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