Main Street Financial Solutions LLC Reduces Position in Markel Group Inc. (NYSE:MKL)

Main Street Financial Solutions LLC reduced its stake in Markel Group Inc. (NYSE:MKL) by 13.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 749 shares of the insurance provider’s stock after selling 116 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Markel Group were worth $1,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MKL. Watchman Group Inc. raised its holdings in Markel Group by 0.3% during the fourth quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock worth $3,344,000 after purchasing an additional 8 shares during the last quarter. Opal Wealth Advisors LLC raised its holdings in Markel Group by 2.5% during the first quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock worth $496,000 after purchasing an additional 8 shares during the last quarter. Wambolt & Associates LLC raised its holdings in Markel Group by 3.4% during the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock worth $362,000 after purchasing an additional 8 shares during the last quarter. Epic Trust Investment Advisors LLC raised its holdings in Markel Group by 4.6% during the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 8 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Markel Group by 0.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,095 shares of the insurance provider’s stock worth $4,395,000 after purchasing an additional 9 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

Markel Group stock opened at $1,542.05 on Friday. The firm has a market capitalization of $19.95 billion, a P/E ratio of 8.33 and a beta of 0.73. The stock has a fifty day moving average price of $1,564.62 and a 200 day moving average price of $1,548.80. 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 current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. Equities research analysts anticipate that Markel Group Inc. will post 89.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on MKL shares. Citigroup lifted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. TD Cowen began coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus price target of $1,626.83.

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.