Country Trust Bank Sells 782 Shares of Markel Group Inc. $MKL

Country Trust Bank trimmed its position in Markel Group Inc. (NYSE:MKL) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,500 shares of the insurance provider’s stock after selling 782 shares during the period. Country Trust Bank’s holdings in Markel Group were worth $40,946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Trust LLC increased its stake in Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 9 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at $32,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock valued at $32,000 after buying an additional 11 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Markel Group during the 1st quarter worth $32,000. Finally, Ameritas Advisory Services LLC bought a new position in Markel Group during the second quarter worth about $38,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $2,075.64 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $26.17 billion, a price-to-earnings ratio of 12.99 and a beta of 0.77. The stock’s 50-day moving average is $1,957.97 and its 200-day moving average is $1,955.11. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,109.91.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. Equities analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total value of $155,470.50. Following the sale, the chief executive officer owned 1,770 shares of the company’s stock, valued at $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Cowen restated a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Monday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,930.50.

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.