Inspire Investing LLC Sells 651 Shares of Markel Group Inc. $MKL

Inspire Investing LLC decreased its position in shares of Markel Group Inc. (NYSE:MKL) by 79.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168 shares of the insurance provider’s stock after selling 651 shares during the quarter. Inspire Investing LLC’s holdings in Markel Group were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Modern Wealth Management LLC grew its holdings in Markel Group by 2.0% during the 1st quarter. Modern Wealth Management LLC now owns 1,473 shares of the insurance provider’s stock valued at $2,754,000 after buying an additional 29 shares in the last quarter. Anson Funds Management LP increased its holdings in Markel Group by 31.4% in the 1st quarter. Anson Funds Management LP now owns 414 shares of the insurance provider’s stock valued at $774,000 after acquiring an additional 99 shares during the last quarter. Strs Ohio purchased a new stake in Markel Group in the 1st quarter worth $2,986,000. Ransom Advisory Ltd bought a new position in shares of Markel Group during the 1st quarter valued at about $64,000. Finally, Anchor Investment Management LLC grew its position in shares of Markel Group by 21.8% during the first quarter. Anchor Investment Management LLC now owns 173 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Markel Group stock opened at $1,925.25 on Thursday. 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 $24.36 billion, a PE ratio of 11.55 and a beta of 0.82. The company has a 50 day moving average price of $1,963.64 and a 200-day moving average price of $1,906.96. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating the consensus estimate of $24.74 by $0.72. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $18.62 EPS. As a group, equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Markel Group currently has an average rating of “Hold” and an average price target of $1,820.33.

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.