Choreo LLC Decreases Stake in Markel Group Inc. $MKL

Choreo LLC lessened its stake in Markel Group Inc. (NYSE:MKL) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,306 shares of the insurance provider’s stock after selling 87 shares during the quarter. Choreo LLC’s holdings in Markel Group were worth $2,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Southeast Asset Advisors LLC increased its holdings in Markel Group by 44.7% in the second quarter. Southeast Asset Advisors LLC now owns 2,030 shares of the insurance provider’s stock valued at $4,055,000 after buying an additional 627 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Markel Group by 19.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,679 shares of the insurance provider’s stock worth $5,351,000 after acquiring an additional 442 shares during the period. Quadcap Wealth Management LLC increased its stake in Markel Group by 2.0% in the 2nd quarter. Quadcap Wealth Management LLC now owns 406 shares of the insurance provider’s stock valued at $811,000 after purchasing an additional 8 shares in the last quarter. Adalta Capital Management LLC raised its holdings in Markel Group by 2.0% during the second quarter. Adalta Capital Management LLC now owns 2,643 shares of the insurance provider’s stock worth $5,279,000 after purchasing an additional 52 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Markel Group during the second quarter worth $505,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the topic of a number of research analyst reports. Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Monday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average target price of $1,930.50.

Markel Group Price Performance

Markel Group stock opened at $2,084.81 on Friday. The stock has a market capitalization of $26.29 billion, a P/E ratio of 13.05 and a beta of 0.77. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,109.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s 50-day moving average is $1,963.96 and its two-hundred day moving average is $1,956.92.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.77 billion. Equities analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insiders Place Their Bets

In other Markel Group news, CEO Simon Wilson sold 75 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This represents a 4.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.66% of the company’s stock.

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.