MGO One Seven LLC sells 145 shares of Markel Group Inc. (NYSE:MKL)

MGO One Seven LLC reduced its holdings in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 14.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 864 shares of the insurance provider’s stock after selling 145 shares during the quarter. MGO One Seven LLC’s holdings in Markel Group were worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have added to or reduced their stakes in the stock. Watchman Group Inc. raised its stake in shares of Markel Group by 0.3% during the 4th quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock valued at $3,344,000 after buying an additional 8 shares in the last quarter. Opal Wealth Advisors LLC boosted its position in shares of Markel Group by 2.5% in the first quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock valued at $496,000 after purchasing an additional 8 shares in the last quarter. Wambolt & Associates LLC boosted its position in shares of Markel Group by 3.4% in the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock valued at $362,000 after buying an additional 8 shares in the last quarter. Epic Trust Investment Advisors LLC grew its stake in Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after buying an additional 8 shares during the period. Finally, Equitable Trust Co. boosted its holdings in shares of Markel Group by 4.5% in the first quarter. Equitable Trust Co. now owns 209 shares of the insurance provider’s stock valued at $318,000 after buying an additional 9 shares in the last quarter. Institutional investors own 77.12% of the company’s shares.

Changes in Analyst Ratings

A number of research analysts recently issued reports on MKL shares. Citigroup raised their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. TD Cowen started coverage on Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Markel Group has a consensus rating of “Hold” and a consensus price target of $1,626.83, according to MarketBeat .

Read the latest Markel Group stock report

Markel Group Share Performance

Shares of MKL stock opened at $1,542.05 on Friday. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The company’s fifty day simple moving average is $1,564.62 and its two hundred day simple moving average is $1,548.80. The company has a current ratio of 0.60, a quick ratio of 0.60, and a debt-to-equity ratio of 0.29. The company has a market cap of $20.05 billion, a price-to-earnings ratio of 8.33 and a beta of 0.73.

Markel Group (NYSE:MKL – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping the consensus estimate of $20.76 by $5.19. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. Research analysts anticipate that Markel Group Inc. will post 89.1 earnings per share for the current fiscal year.

Insider buying and selling

In other news, Director Lawrence A. Cunningham purchased 20 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. 1.71% of shares are currently owned by corporate insiders.

Markel Group Profile

(Free Report)

Markel Group Inc, a diversified holding company, engages in the marketing and underwriting of 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 property risks exposed to catastrophes such as earthquake and wind.

See Also

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