Markel Group Inc. $MKL Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 29.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 296 shares of the insurance provider’s stock after selling 126 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Markel Group were worth $591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Markel Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock worth $2,165,962,000 after purchasing an additional 7,914 shares in the last quarter. Davis Selected Advisers increased its position in shares of Markel Group by 0.3% during the first quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock worth $694,502,000 after purchasing an additional 947 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of Markel Group by 0.7% during the second quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock worth $408,364,000 after purchasing an additional 1,383 shares in the last quarter. Select Equity Group L.P. acquired a new stake in shares of Markel Group during the first quarter worth about $357,512,000. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in shares of Markel Group by 20.1% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock worth $273,105,000 after purchasing an additional 24,487 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a report on Wednesday. Cowen reissued a “hold” rating on shares of Markel Group in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,930.50.

Markel Group Price Performance

Shares of MKL opened at $1,920.98 on Friday. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92. The stock’s 50 day moving average is $1,938.63 and its two-hundred day moving average is $1,915.09. The firm has a market capitalization of $24.30 billion, a PE ratio of 11.52 and a beta of 0.78. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating analysts’ consensus estimates of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the company earned $18.62 EPS. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. 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.