Gulf International Bank UK Ltd Cuts Stock Holdings in Markel Group Inc. $MKL

Key Points

• Gulf International Bank UK Ltd reduced its stake in Markel Group Inc. by 25.4% in the first quarter, bringing its holdings to a value of $1.38 million.
• Markel Group reported an EPS of $25.46 for its last quarter, surpassing analyst expectations and achieving a year-over-year revenue growth of 24.3%.
• Institutional ownership remains high, with 77.12% of Markel Group's stock held by institutional investors and hedge funds.

Gulf International Bank UK Ltd lessened its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 25.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 740 shares of the insurance provider's stock after selling 252 shares during the quarter. Gulf International Bank UK Ltd's holdings in Markel Group were worth $1,383,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Markel Group in the first quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC raised its position in Markel Group by 183.3% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 11 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Markel Group in the first quarter valued at approximately $32,000. ST Germain D J Co. Inc. grew its stake in shares of Markel Group by 300.0% in the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock worth $37,000 after acquiring an additional 15 shares in the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of Markel Group by 866.7% in the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after acquiring an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the transaction, the director owned 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.66% of the stock is owned by company insiders.

Markel Group Stock Up 0.4%

Shares of MKL stock traded up $7.49 on Wednesday, reaching $1,962.93. 23,405 shares of the stock were exchanged, compared to its average volume of 56,980. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The business's 50 day moving average price is $1,973.50 and its 200 day moving average price is $1,899.61. The company has a market capitalization of $24.83 billion, a price-to-earnings ratio of 11.76 and a beta of 0.82. Markel Group Inc. has a twelve month low of $1,494.00 and a twelve month high of $2,075.92.

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