Manchester Capital Management LLC Has $65,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

Key Points

• Manchester Capital Management LLC significantly reduced its holdings in Markel Group Inc. by 85%, holding only 35 shares worth $65,000 as of its latest SEC filing.
• Several institutional investors, including Bank of America and Van Lanschot Kempen, have increased their stakes in Markel Group, indicating growing interest in the company.
• Markel Group recently received an upgrade from Argus, moving from a "hold" to a "buy" rating, with an average price target of $1,820.33 among analysts.

Manchester Capital Management LLC lowered its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 85.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35 shares of the insurance provider's stock after selling 198 shares during the period. Manchester Capital Management LLC's holdings in Markel Group were worth $65,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MKL. Bank of America Corp DE raised its stake in Markel Group by 0.7% during the fourth quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock worth $243,393,000 after acquiring an additional 915 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Markel Group by 19.3% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock valued at $209,891,000 after purchasing an additional 19,657 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Markel Group by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 116,664 shares of the insurance provider's stock valued at $201,393,000 after purchasing an additional 1,975 shares during the last quarter. GAMMA Investing LLC increased its position 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 worth $216,718,000 after purchasing an additional 115,861 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Markel Group by 18.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider's stock valued at $174,425,000 after purchasing an additional 15,916 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 90 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.66% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Markel Group has an average rating of "Hold" and an average price target of $1,820.33.

Markel Group Stock Performance

Shares of MKL stock opened at $1,948.68 on Tuesday. The firm has a market capitalization of $24.65 billion, a price-to-earnings ratio of 11.69 and a beta of 0.82. 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 $1,971.98 and its 200-day moving average price is $1,889.69. Markel Group Inc. has a 12 month low of $1,491.03 and a 12 month high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 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 the consensus estimate of $3.96 billion. During the same period last year, the company earned $18.62 EPS. The firm's revenue was up 24.3% compared to the same quarter last year. Equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

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.

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