Markel Group Inc. (NYSE:MKL) Stake Lessened by Chapman Investment Management LLC

Chapman Investment Management LLC cut its stake in Markel Group Inc. (NYSE:MKL) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,773 shares of the insurance provider’s stock after selling 191 shares during the period. Markel Group accounts for approximately 5.7% of Chapman Investment Management LLC’s portfolio, making the stock its 6th largest position. Chapman Investment Management LLC’s holdings in Markel Group were worth $7,521,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quest Partners LLC grew its position in shares of Markel Group by 142,700.0% in the 2nd quarter. Quest Partners LLC now owns 1,428 shares of the insurance provider’s stock worth $2,250,000 after buying an additional 1,427 shares during the period. Caprock Group LLC bought a new position in shares of Markel Group during the second quarter valued at approximately $893,000. Acadian Asset Management LLC purchased a new position in shares of Markel Group during the second quarter valued at approximately $353,000. SRS Capital Advisors Inc. lifted its holdings in shares of Markel Group by 16.8% during the second quarter. SRS Capital Advisors Inc. now owns 585 shares of the insurance provider’s stock valued at $922,000 after purchasing an additional 84 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Markel Group in the 2nd quarter worth approximately $6,802,000. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Down 1.4 %

Markel Group stock opened at $1,533.79 on Monday. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The business’s fifty day moving average is $1,566.48 and its 200 day moving average is $1,547.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $19.85 billion, a PE ratio of 8.28 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. On average, sell-side analysts predict that Markel Group Inc. will post 89.1 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on MKL shares. TD Cowen initiated coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price on the stock. Citigroup upped 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 note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,626.83.

Insider Buying and Selling at Markel Group

In other news, Director Lawrence A. Cunningham purchased 20 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.71% of the company’s stock.

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.