Markel Group Inc. (NYSE:MKL) Shares Sold by Freedom Day Solutions LLC

Freedom Day Solutions LLC cut its holdings in Markel Group Inc. (NYSE:MKL) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,387 shares of the insurance provider’s stock after selling 26 shares during the quarter. Freedom Day Solutions LLC’s holdings in Markel Group were worth $2,110,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Markel Group during the fourth quarter worth approximately $214,216,000. Boston Partners lifted its position in shares of Markel Group by 400.1% during the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after acquiring an additional 125,507 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Markel Group during the 1st quarter worth $133,143,000. Jennison Associates LLC grew its holdings in shares of Markel Group by 111.3% in the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock worth $110,745,000 after acquiring an additional 41,086 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of Markel Group during the first quarter worth $60,937,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 2.0 %

MKL traded down $32.63 on Thursday, reaching $1,615.43. 30,139 shares of the company traded hands, compared to its average volume of 46,921. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $21.00 billion, a price-to-earnings ratio of 8.73 and a beta of 0.69. The stock’s 50 day moving average price is $1,526.73 and its 200-day moving average price is $1,462.73.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing the consensus estimate of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.62 billion. On average, sell-side analysts expect that Markel Group Inc. will post 83.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MKL has been the topic of a number of analyst reports. Janney Montgomery Scott reissued a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Truist Financial lifted their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada increased their target price on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,520.00.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the completion of the sale, the director now owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.71% of the company’s stock.

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.