Wellington Management Group LLP Sells 7,027 Shares of Markel Group Inc. $MKL

Key Points

• Wellington Management Group LLP has reduced its stake in Markel Group Inc. by 4.8%, now owning approximately 1.10% of the company worth $261.5 million after selling 7,027 shares.
• Markel Group's quarterly earnings report showed an EPS of $25.46, exceeding analysts' expectations and reflecting a 24.3% increase in revenue compared to the same quarter last year.
• Despite recent sales by management, analysts have a consensus rating of "Hold" on the stock, with Argus upgrading it to a "Buy" and a price target of $1,820.33.

Wellington Management Group LLP reduced its position in Markel Group Inc. (NYSE:MKL - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,877 shares of the insurance provider's stock after selling 7,027 shares during the quarter. Wellington Management Group LLP owned about 1.10% of Markel Group worth $261,515,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Markel Group during the 1st quarter worth $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 worth $32,000 after buying an additional 11 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Markel Group during the 1st quarter worth $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 worth $37,000 after buying an additional 15 shares in the last quarter. Finally, McIlrath & Eck LLC raised its holdings in shares of Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after buying an additional 26 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

MKL traded down $17.33 on Monday, reaching $1,974.99. The stock had a trading volume of 7,554 shares, compared to its average volume of 56,615. Markel Group Inc. has a fifty-two week low of $1,494.00 and a fifty-two week high of $2,075.92. The firm has a 50-day moving average of $1,976.11 and a 200-day moving average of $1,901.37. 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 company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 11.85 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter in the prior year, the firm earned $18.62 EPS. The business's revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,820.33.

Markel Group 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.