Russell Investments Group Ltd. Has $40.08 Million Stake in Markel Group Inc. $MKL

Key Points

• Russell Investments Group Ltd. reduced its stake in Markel Group Inc. by 6.2%, now holding 21,456 shares valued at approximately $40 million as of the latest SEC filing.
• Argus upgraded Markel Group's rating from "hold" to "buy", while the stock has a consensus price target of $1,820.33.
• Markel Group reported $25.46 earnings per share for the last quarter, exceeding expectations and showing a 24.3% increase in revenue year-over-year.

Russell Investments Group Ltd. cut its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 6.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,456 shares of the insurance provider's stock after selling 1,422 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.17% of Markel Group worth $40,078,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Markel Group in the first quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in Markel Group during the first quarter worth about $32,000. ST Germain D J Co. Inc. raised its holdings in 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 valued at $37,000 after acquiring an additional 15 shares in the last quarter. Finally, McIlrath & Eck LLC increased its position in shares of 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 purchasing an additional 26 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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 assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1,820.33.

Markel Group Price Performance

Markel Group stock traded down $1.05 during midday trading on Monday, hitting $1,926.96. The company's stock had a trading volume of 24,057 shares, compared to its average volume of 57,178. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $24.38 billion, a PE ratio of 11.55 and a beta of 0.82. The stock's 50-day moving average price is $1,973.32 and its 200-day moving average price is $1,898.56.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%. The business's quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the business earned $18.62 EPS. 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 Markel Group news, Director Greta J. Harris sold 90 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the transaction, the director directly owned 632 shares of the company's stock, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.66% of the stock is currently owned by company insiders.

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.