Markel Group Inc. $MKL Shares Sold by Rathbones Group PLC

Rathbones Group PLC lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 8.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,624 shares of the insurance provider’s stock after selling 145 shares during the quarter. Rathbones Group PLC’s holdings in Markel Group were worth $3,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MKL. Cary Street Partners Investment Advisory LLC boosted its stake in Markel Group by 183.3% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 11 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of Markel Group in the 1st quarter worth approximately $32,000. Chilton Capital Management LLC acquired a new position in Markel Group during the 2nd quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new position in Markel Group during the 2nd quarter valued at approximately $38,000. Finally, Ransom Advisory Ltd bought a new position in Markel Group during the 1st quarter worth $64,000. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the topic of a number of recent research reports. Cowen reiterated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,930.50.

Markel Group Trading Up 1.2%

Shares of MKL stock opened at $2,062.49 on Tuesday. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,075.92. The firm has a market capitalization of $26.01 billion, a PE ratio of 12.91 and a beta of 0.77. The stock has a fifty day moving average of $1,931.49 and a two-hundred day moving average of $1,939.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. As a group, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

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.