Avenir Corp Sells 851 Shares of Markel Group Inc. $MKL

Avenir Corp reduced its stake in Markel Group Inc. (NYSE:MKL) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,789 shares of the insurance provider’s stock after selling 851 shares during the quarter. Markel Group makes up 10.0% of Avenir Corp’s investment portfolio, making the stock its 2nd largest holding. Avenir Corp owned approximately 0.39% of Markel Group worth $97,449,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in MKL. Clearstead Trust LLC lifted its stake in shares of Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after buying an additional 9 shares during the last quarter. Chilton Capital Management LLC acquired a new position in Markel Group in the 2nd quarter valued at $32,000. Ameritas Advisory Services LLC bought a new position in Markel Group in the 2nd quarter worth $38,000. Ransom Advisory Ltd bought a new position in Markel Group in the 1st quarter worth $64,000. Finally, Barrett & Company Inc. lifted its position in Markel Group by 166.7% during the 2nd quarter. Barrett & Company Inc. now owns 32 shares of the insurance provider’s stock worth $64,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 1.9%

Shares of MKL opened at $2,165.51 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. The company has a 50-day simple moving average of $1,999.24 and a 200-day simple moving average of $1,971.44. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,169.95. The firm has a market capitalization of $27.31 billion, a P/E ratio of 13.56 and a beta of 0.81.

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, beating the consensus estimate of $22.77 by $8.13. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a return on equity of 7.76% and a net margin of 12.99%. On average, equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 100 shares of Markel Group stock in a transaction on Friday, November 28th. The shares were sold at an average price of $2,100.00, for a total transaction of $210,000.00. Following the sale, the director owned 61,698 shares in the company, valued at $129,565,800. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the sale, the chief executive officer directly owned 1,770 shares in the company, valued at $3,669,103.80. This trade represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 245 shares of company stock worth $512,471. 1.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MKL. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Monday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Markel Group has a consensus rating of “Moderate Buy” and a consensus price target of $2,025.00.

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.