Markel Group Inc. $MKL Stock Holdings Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its position in Markel Group Inc. (NYSE:MKL) by 40.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,531 shares of the insurance provider’s stock after selling 10,502 shares during the period. JPMorgan Chase & Co.’s holdings in Markel Group were worth $31,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank increased its stake in shares of Markel Group by 6.1% in the second quarter. Swiss National Bank now owns 38,480 shares of the insurance provider’s stock valued at $76,858,000 after purchasing an additional 2,200 shares during the period. Handelsbanken Fonder AB increased its position in Markel Group by 15.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 2,739 shares of the insurance provider’s stock valued at $5,471,000 after acquiring an additional 371 shares during the period. Prudential PLC increased its position in Markel Group by 113.2% in the 2nd quarter. Prudential PLC now owns 339 shares of the insurance provider’s stock valued at $677,000 after acquiring an additional 180 shares during the period. Bradyco Inc. raised its stake in Markel Group by 22.1% during the 2nd quarter. Bradyco Inc. now owns 2,739 shares of the insurance provider’s stock valued at $5,471,000 after acquiring an additional 495 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new position in Markel Group during the 2nd quarter worth $3,172,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Down 0.6%

MKL opened at $2,061.32 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $25.99 billion, a PE ratio of 12.90 and a beta of 0.81. The stock’s fifty day moving average is $1,972.47 and its 200-day moving average is $1,961.21. 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 released its earnings results 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. Markel Group had a return on equity of 7.91% and a net margin of 12.99%.The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. On average, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a report on Monday. Cowen reissued a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Markel Group presently has a consensus rating of “Moderate Buy” and an average target price of $2,025.00.

Insider Activity at Markel Group

In related news, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction that occurred 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 directly owned 1,770 shares in the company, valued at $3,669,103.80. The trade was a 4.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven A. Markel sold 100 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $2,100.00, for a total transaction of $210,000.00. Following the sale, the director directly owned 61,698 shares of the company’s stock, valued at approximately $129,565,800. This represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 245 shares of company stock worth $512,471 in the last ninety days. Corporate insiders own 1.66% of the company’s stock.

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.