Markel Group Inc. $MKL Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,774 shares of the insurance provider’s stock after selling 74 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Markel Group were worth $5,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Baxter Bros Inc. grew its holdings in Markel Group by 1.0% during the second quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock worth $1,272,000 after acquiring an additional 6 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Markel Group by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock worth $3,507,000 after purchasing an additional 6 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Markel Group by 4.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 6 shares during the period. Fidelis Capital Partners LLC increased its holdings in shares of Markel Group by 3.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock valued at $352,000 after purchasing an additional 6 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Markel Group by 0.3% in the second quarter. Parallel Advisors LLC now owns 2,759 shares of the insurance provider’s stock valued at $5,511,000 after purchasing an additional 9 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKL has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research report on Tuesday. Cowen reissued a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and three have issued 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 $1,930.50.

Markel Group Price Performance

MKL stock opened at $2,060.41 on Friday. The stock has a market capitalization of $25.98 billion, a price-to-earnings ratio of 12.90 and a beta of 0.77. 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 52-week low of $1,621.89 and a 52-week high of $2,109.91. The stock’s fifty day simple moving average is $1,942.11 and its 200-day simple moving average is $1,945.61.

Markel Group (NYSE:MKL) last issued its quarterly 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. Equities 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.