Citigroup Inc. Reduces Position in Markel Group Inc. $MKL

Citigroup Inc. lessened its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 11.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,232 shares of the insurance provider's stock after selling 1,093 shares during the period. Citigroup Inc. owned about 0.06% of Markel Group worth $15,391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Axxcess Wealth Management LLC raised its stake in shares of Markel Group by 0.7% during the first quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock valued at $1,642,000 after acquiring an additional 6 shares in the last quarter. GAMMA Investing LLC raised 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 valued at $116,000 after acquiring an additional 7 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Markel Group by 1.1% during the first quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock valued at $1,223,000 after acquiring an additional 7 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Markel Group by 5.8% in the first quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider's stock worth $239,000 after buying an additional 7 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in Markel Group by 3.4% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider's stock worth $418,000 after buying an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Down 0.3%

NYSE:MKL traded down $6.04 during trading hours on Monday, reaching $1,921.96. The company's stock had a trading volume of 11,915 shares, compared to its average volume of 57,103. The company has a market capitalization of $24.32 billion, a P/E ratio of 11.53 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a 50 day moving average price of $1,973.32 and a two-hundred day moving average price of $1,898.56.

Markel Group (NYSE:MKL - Get Free Report) last released 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 business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the company earned $18.62 earnings per share. The business's revenue for the quarter was up 24.3% on a year-over-year basis. Equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Transactions at Markel Group

In other Markel Group news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the transaction, the director directly owned 632 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

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

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.