Markel Group Inc. $MKL Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH cut its stake in shares of Markel Group Inc. (NYSE:MKL) by 63.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 450 shares of the insurance provider’s stock after selling 780 shares during the quarter. Allianz Asset Management GmbH’s holdings in Markel Group were worth $899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Markel Group during the 1st quarter worth about $115,000. GAMMA Investing LLC lifted its holdings in Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after buying an additional 7 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Markel Group during the 1st quarter worth about $372,000. Check Capital Management Inc. CA lifted its holdings in Markel Group by 2.5% during the 1st quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider’s stock worth $147,860,000 after buying an additional 1,921 shares during the last quarter. Finally, Values Added Financial LLC lifted its holdings in Markel Group by 42.0% during the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $2,825,000 after buying an additional 447 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MKL has been the subject of a number of recent analyst reports. Cowen reaffirmed a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,930.50.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,878.64 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92. The stock has a 50 day moving average of $1,932.88 and a two-hundred day moving average of $1,924.29. The stock has a market cap of $23.76 billion, a P/E ratio of 11.27 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the business earned $18.62 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Markel Group Company 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.