Anchor Capital Advisors LLC Cuts Stake in Markel Group Inc. (NYSE:MKL)

Anchor Capital Advisors LLC lessened its stake in Markel Group Inc. (NYSE:MKL) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,947 shares of the insurance provider’s stock after selling 2,172 shares during the quarter. Markel Group accounts for about 1.9% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Anchor Capital Advisors LLC owned about 0.33% of Markel Group worth $67,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its stake in Markel Group by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after purchasing an additional 558 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Markel Group by 2.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after buying an additional 888 shares during the period. Solitude Financial Services bought a new position in shares of Markel Group during the second quarter worth about $1,182,000. Sei Investments Co. grew its holdings in shares of Markel Group by 41.7% during the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock worth $6,554,000 after buying an additional 1,268 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Markel Group by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after buying an additional 359 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of Markel Group stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the transaction, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MKL has been the topic of a number of research reports. TD Cowen assumed coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. Citigroup boosted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

Shares of MKL opened at $1,533.79 on Friday. The company has a market cap of $19.94 billion, a PE ratio of 8.28 and a beta of 0.73. The firm has a 50-day moving average of $1,566.48 and a 200-day moving average of $1,546.75. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. As a group, equities analysts forecast that Markel Group Inc. will post 89.05 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.