Markel Group Inc. $MKL Shares Sold by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC has reduced its position in Markel Group Inc. by 9.2% in Q2, now holding 1,345 shares valued at approximately $2.69 million.
• Despite the reduction, other investors like Farther Finance Advisors LLC and Assenagon Asset Management S.A. increased their stakes in Markel Group during the same period, showing continued institutional interest.
• Markel Group reported a strong Q2 earnings performance with an EPS of $25.46, exceeding estimates, and a year-over-year revenue increase of 24.3%.

Sowell Financial Services LLC lowered its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,345 shares of the insurance provider's stock after selling 136 shares during the period. Sowell Financial Services LLC's holdings in Markel Group were worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in MKL. Sierra Ocean LLC acquired a new position in shares of Markel Group in the 1st quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of 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 last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Markel Group in the 1st quarter valued at $32,000. ST Germain D J Co. Inc. grew its holdings in shares of Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after buying an additional 15 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Markel Group in the 1st quarter valued at about $54,000. 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. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $1,820.33.

Markel Group Trading Down 1.0%

MKL traded down $19.91 during trading on Monday, reaching $1,915.04. The company had a trading volume of 75,464 shares, compared to its average volume of 38,751. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 11.49 and a beta of 0.82. The firm's 50-day simple moving average is $1,960.04 and its 200 day simple moving average is $1,907.77. Markel Group Inc. has a 12-month low of $1,521.25 and a 12-month high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating 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 return on equity of 7.18% and a net margin of 13.39%.Markel Group's revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the business posted $18.62 EPS. Equities research analysts anticipate 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.