Seizert Capital Partners LLC Cuts Stock Position in Markel Group Inc. (NYSE:MKL)

Key Points

• Seizert Capital Partners LLC decreased its holdings in Markel Group Inc. by 20.6% in Q1, owning 5,743 shares valued at $10.7 million after selling 1,487 shares.
• Analyst ratings for Markel Group saw a shift, with Argus upgrading the stock from a "hold" to a "buy," while the consensus rating remains a "Hold" with an average target price of $1,820.33.
• Director Greta J. Harris sold 90 shares worth approximately $167,529.60, marking a 12.47% decrease in her ownership of the company’s stock.

Seizert Capital Partners LLC lessened its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 20.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,743 shares of the insurance provider's stock after selling 1,487 shares during the quarter. Seizert Capital Partners LLC's holdings in Markel Group were worth $10,737,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Markel Group by 210,656.4% during the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock valued at $216,718,000 after purchasing an additional 115,861 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Markel Group by 19.3% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock worth $209,891,000 after purchasing an additional 19,657 shares during the last quarter. TD Asset Management Inc increased its position in shares of Markel Group by 34.0% in the first quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider's stock worth $128,323,000 after purchasing an additional 17,413 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Markel Group by 18.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider's stock worth $174,425,000 after buying an additional 15,916 shares in the last quarter. Finally, Rockbridge Capital Management LLC purchased a new stake in Markel Group in the fourth quarter worth approximately $24,834,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Markel Group Stock Performance

Shares of MKL stock traded down $82.06 during mid-day trading on Friday, reaching $1,926.23. The stock had a trading volume of 94,305 shares, compared to its average volume of 38,613. The business's fifty day moving average is $1,970.62 and its 200-day moving average is $1,886.47. The company has a current ratio of 0.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.25. The firm has a market cap of $24.37 billion, a price-to-earnings ratio of 11.55 and a beta of 0.82. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year 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. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%. Markel Group's revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period last year, the company earned $18.62 earnings per share. On average, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction that occurred 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 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 legal filing with the SEC, which is available at this link. Insiders own 1.66% of the company's stock.

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.