Markel Group Inc. (NYSE:MKL) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 0.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 4,939 shares of the insurance provider’s stock after selling 14 shares during the quarter. Markel Group comprises about 2.4% of Redmond Asset Management LLC’s portfolio, making the stock its 4th largest position. Redmond Asset Management LLC’s holdings in Markel Group were worth $9,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in shares of Markel Group during the 1st quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC lifted its holdings 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 during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Markel Group in the 1st quarter valued at about $32,000. ST Germain D J Co. Inc. lifted its holdings in shares of Markel Group by 300.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider’s stock valued at $37,000 after buying an additional 15 shares during the period. Finally, McIlrath & Eck LLC lifted its holdings in shares of Markel Group by 866.7% in the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider’s stock valued at $50,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,955.62 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a twelve month low of $1,494.00 and a twelve month high of $2,075.92. The business has a 50-day moving average price of $1,974.10 and a 200 day moving average price of $1,896.76. The firm has a market cap of $24.74 billion, a PE ratio of 11.73 and a beta of 0.82.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the business earned $18.62 EPS. Markel Group’s quarterly revenue was up 24.3% on a year-over-year basis. Sell-side analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Argus raised Markel Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,820.33.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 90 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the completion of the sale, the director directly owned 632 shares in the company, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.