Annis Gardner Whiting Capital Advisors LLC Has $1.28 Million Position in Markel Group Inc. (NYSE:MKL)

Key Points

• Annis Gardner Whiting Capital Advisors LLC cut its stake in Markel Group by 60.0%, owning only 683 shares valued at $1,277,000 after selling 1,024 shares.
• Argus upgraded Markel Group from a "hold" to a "buy" rating, with a current consensus rating of "Hold" and an average price target of $1,820.33.
• Markel Group reported a 24.3% year-over-year revenue increase, with quarterly revenue of $4.82 billion and earnings per share of $25.46, exceeding analyst expectations.

Annis Gardner Whiting Capital Advisors LLC cut its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 60.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 683 shares of the insurance provider's stock after selling 1,024 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC's holdings in Markel Group were worth $1,277,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MKL. Sierra Ocean LLC acquired a new stake in Markel Group in the first quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC increased its stake in 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 during the period. ST Germain D J Co. Inc. lifted its holdings in Markel Group by 300.0% in 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. McIlrath & Eck LLC boosted its position in Markel Group by 866.7% in the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after buying an additional 26 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Markel Group during the first quarter valued at about $54,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

Markel Group stock traded up $18.53 during mid-day trading on Wednesday, reaching $1,957.11. The company's stock had a trading volume of 43,711 shares, compared to its average volume of 44,072. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,075.92. The business has a 50 day moving average price of $1,975.57 and a 200-day moving average price of $1,891.68. 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 firm has a market cap of $24.76 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82.

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

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director directly owned 632 shares of the company's stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Markel Group presently has an average 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.