Markel Group Inc. (NYSE:MKL) Shares Sold by Motley Fool Wealth Management LLC

Key Points

• Motley Fool Wealth Management LLC sold 10.1% of its shares in Markel Group Inc., lowering its stake to approximately 0.06% worth $14.9 million.
• Markel Group reported a 24.3% increase in quarterly revenue year-over-year, achieving $4.82 billion and earnings per share of $25.46, surpassing estimates.
• Analysts currently hold a consensus rating of "Hold" for Markel Group stock, with an average target price set at $1,820.33.

Motley Fool Wealth Management LLC reduced its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,981 shares of the insurance provider's stock after selling 901 shares during the period. Motley Fool Wealth Management LLC owned about 0.06% of Markel Group worth $14,923,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Markel Group in the 1st quarter valued at $115,000. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 7 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of Markel Group in the 1st quarter valued at $372,000. Check Capital Management Inc. CA lifted its stake in shares of 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 purchasing an additional 1,921 shares during the period. Finally, Values Added Financial LLC lifted its stake in shares of 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 purchasing an additional 447 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $1,820.33.

Markel Group Price Performance

NYSE:MKL traded down $6.98 during trading hours on Thursday, reaching $1,955.62. 28,647 shares of the company were exchanged, compared to its average volume of 57,540. 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 stock's 50-day moving average is $1,973.69 and its 200-day moving average is $1,895.89. The firm has a market cap of $24.74 billion, a PE ratio of 11.73 and a beta of 0.82. Markel Group Inc. has a twelve month low of $1,494.00 and a twelve month high of $2,075.92.

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

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the stock in a transaction dated Friday, May 23rd. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is owned by company insiders.

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.