Fiduciary Alliance LLC Reduces Holdings in Markel Group Inc. $MKL

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Select Equity Group L.P. acquired a new stake in shares of Markel Group in the first quarter valued at about $357,512,000. GAMMA Investing LLC grew its stake in Markel Group by 210,656.4% during the 1st quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock valued at $216,718,000 after acquiring an additional 115,861 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in Markel Group by 49.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider's stock valued at $201,953,000 after acquiring an additional 35,786 shares during the last quarter. Nuveen LLC purchased a new position in Markel Group in the 1st quarter worth approximately $45,796,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in Markel Group by 20.1% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider's stock worth $273,105,000 after purchasing an additional 24,487 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Analysts Set New Price Targets

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One 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 a consensus price target of $1,820.33.

Markel Group Stock Down 1.4%

Shares of NYSE:MKL opened at $1,926.00 on Tuesday. The firm has a market capitalization of $24.36 billion, a PE ratio of 11.55 and a beta of 0.82. Markel Group Inc. has a 1 year low of $1,521.25 and a 1 year 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's 50-day moving average is $1,966.79 and its two-hundred day moving average is $1,906.75.

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

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.

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