Markel Group Inc. $MKL Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC significantly reduced its stake in Markel Group Inc. by selling 651 shares, lowering its position by 79.5%, ending the quarter with 168 shares valued at $314,000.
• Markel Group reported a 24.3% increase in quarterly revenue, reaching $4.82 billion, and beating EPS estimates by $0.72 with reported earnings of $25.46 per share.
• Markel Group’s stock currently has an average rating of "Hold" and an average price target of $1,820.33, with one analyst upgraded the rating to "Buy."

Inspire Investing LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 79.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 168 shares of the insurance provider's stock after selling 651 shares during the period. Inspire Investing LLC's holdings in Markel Group were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Markel Group in the 1st quarter valued at approximately $115,000. GAMMA Investing LLC boosted its position in Markel Group by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after buying an additional 7 shares during the period. Vontobel Holding Ltd. purchased a new position in Markel Group in the 1st quarter valued at approximately $372,000. Check Capital Management Inc. CA boosted its position in Markel Group by 2.5% in the 1st quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock valued at $147,860,000 after buying an additional 1,921 shares during the period. Finally, Values Added Financial LLC boosted its position in Markel Group by 42.0% in the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock valued at $2,825,000 after buying an additional 447 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

MKL traded down $9.31 on Friday, reaching $1,935.29. The company had a trading volume of 98,734 shares, compared to its average volume of 38,751. The stock has a 50-day moving average price of $1,961.90 and a 200-day moving average price of $1,907.63. 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 quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $24.48 billion, a PE ratio of 11.61 and a beta of 0.82.

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. 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 during the quarter, compared to analysts' expectations of $3.96 billion. During the same period in the prior year, the company earned $18.62 earnings per share. The business's revenue was up 24.3% compared to the same quarter last year. As a group, research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.