Markel Group Inc. $MKL Shares Sold by Fiduciary Alliance LLC

Key Points

• Fiduciary Alliance LLC reduced its holdings in Markel Group Inc. by 18.3%, owning 1,473 shares worth approximately $2.94 million after selling 330 shares in the second quarter.
• Several institutional investors, including Select Equity Group and GAMMA Investing LLC, have made significant changes to their stakes in Markel Group, contributing to a total institutional ownership of 77.12%.
• Markel Group's stock has a consensus rating of "Hold" with a price target of $1,820.33, despite reporting a quarterly earnings beat with $25.46 EPS against an estimate of $24.74.

Fiduciary Alliance LLC trimmed its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,473 shares of the insurance provider's stock after selling 330 shares during the period. Fiduciary Alliance LLC's holdings in Markel Group were worth $2,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chemistry Wealth Management LLC boosted its position in shares of Markel Group by 2.3% in the 2nd quarter. Chemistry Wealth Management LLC now owns 2,812 shares of the insurance provider's stock valued at $5,617,000 after purchasing an additional 63 shares during the period. Canandaigua National Trust Co of Florida boosted its position in Markel Group by 157.0% in the second quarter. Canandaigua National Trust Co of Florida now owns 293 shares of the insurance provider's stock valued at $585,000 after buying an additional 179 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Markel Group by 11.3% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 247 shares of the insurance provider's stock worth $493,000 after buying an additional 25 shares in the last quarter. E. Ohman J or Asset Management AB lifted its holdings in Markel Group by 180.0% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 560 shares of the insurance provider's stock worth $1,119,000 after buying an additional 360 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Markel Group by 0.3% during the 2nd quarter. Parallel Advisors LLC now owns 2,759 shares of the insurance provider's stock valued at $5,511,000 after purchasing an additional 9 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Performance

Markel Group stock traded down $9.31 during midday trading on Friday, reaching $1,935.29. 98,734 shares of the company traded hands, compared to its average volume of 35,714. The business has a 50 day moving average of $1,961.90 and a two-hundred day moving average of $1,907.60. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. 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 $24.48 billion, a price-to-earnings ratio of 11.61 and a beta of 0.82.

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

Analysts Set New Price Targets

Separately, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1,820.33.

About Markel Group

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.