Mitsubishi UFJ Trust & Banking Corp Has $78.73 Million Holdings in Markel Group Inc. (NYSE:MKL)

Key Points

• Mitsubishi UFJ Trust & Banking Corp has reduced its stake in Markel Group by 15.1%, now holding $78.73 million worth of shares.
• Markel Group's latest earnings report revealed an EPS of $25.46, exceeding estimates and showing a 24.3% increase in revenue year-over-year.
• Several hedge funds significantly increased their positions in Markel Group, with GAMMA Investing LLC boosting its stake by 210,656.4% in the first quarter.

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 15.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,110 shares of the insurance provider's stock after selling 7,507 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.33% of Markel Group worth $78,729,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Sierra Ocean LLC purchased a new stake in Markel Group during the first quarter valued at about $28,000. ST Germain D J Co. Inc. boosted its position in shares of Markel Group by 300.0% in the first 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 during the period. McIlrath & Eck LLC boosted its position in shares of Markel Group by 866.7% in the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after buying an additional 26 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Markel Group in the first quarter worth about $54,000. Finally, Versant Capital Management Inc boosted its position in shares of Markel Group by 178.6% in the first quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider's stock worth $73,000 after buying an additional 25 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $1,820.33.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of the business's 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.66% of the company's stock.

Markel Group Stock Up 1.0%

Shares of Markel Group stock traded up $18.53 during midday trading on Wednesday, hitting $1,957.11. The company's stock had a trading volume of 43,550 shares, compared to its average volume of 58,242. The firm has a market capitalization of $24.76 billion, a P/E ratio of 11.74 and a beta of 0.82. The stock has a 50-day simple moving average of $1,974.40 and a 200-day simple moving average of $1,891.23. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. 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 earnings per share for the quarter, beating the consensus estimate of $24.74 by $0.72. The company 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%. The business's revenue 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. As a group, sell-side analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.