Markel Group Inc. $MKL Shares Sold by Alpha Omega Wealth Management LLC

Key Points

• Alpha Omega Wealth Management LLC reduced its stake in Markel Group Inc. by 6.1%, now holding 3,358 shares valued at $6.71 million, making it the fund's 22nd largest position.
• Markel Group reported earnings of $25.46 EPS for the latest quarter, exceeding analysts' estimates and showing a 24.3% increase in revenue year-over-year.
• Analysts have a consensus rating of "Hold" on Markel Group shares with a price target of $1,820.33, while there has been at least one upgrade to a "Buy" rating recently.

Alpha Omega Wealth Management LLC lowered its position in Markel Group Inc. (NYSE:MKL - Free Report) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,358 shares of the insurance provider's stock after selling 219 shares during the quarter. Markel Group accounts for 1.2% of Alpha Omega Wealth Management LLC's investment portfolio, making the stock its 22nd biggest position. Alpha Omega Wealth Management LLC's holdings in Markel Group were worth $6,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Markel Group in the first quarter valued at $28,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock valued at $32,000 after buying an additional 11 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Markel Group during the 1st quarter valued at about $32,000. ST Germain D J Co. Inc. raised its holdings in shares of Markel Group by 300.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after buying an additional 15 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in shares of Markel Group during the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Down 1.0%

Shares of Markel Group stock opened at $1,915.04 on Tuesday. 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 firm has a market cap of $24.23 billion, a P/E ratio of 11.49 and a beta of 0.82. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92. The business has a 50-day moving average price of $1,960.04 and a 200 day moving average price of $1,907.77.

Markel Group (NYSE:MKL - Get Free Report) last issued 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 return on equity of 7.18% and a net margin of 13.39%.The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm posted $18.62 earnings per share. Markel Group's quarterly revenue was up 24.3% compared to the same quarter last year. On average, sell-side analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.