Mount Yale Investment Advisors LLC Sells 12 Shares of Markel Group Inc. (NYSE:MKL)

Mount Yale Investment Advisors LLC trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 377 shares of the insurance provider’s stock after selling 12 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Markel Group were worth $574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKL. GAMMA Investing LLC bought a new position in Markel Group during the fourth quarter worth $30,000. Blue Trust Inc. grew its stake in Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after buying an additional 12 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Markel Group during the fourth quarter worth approximately $57,000. Evermay Wealth Management LLC acquired a new stake in Markel Group during the 1st quarter worth approximately $75,000. Finally, Crewe Advisors LLC bought a new stake in Markel Group in the 1st quarter valued at $81,000. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MKL. Royal Bank of Canada lifted their target price on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. TD Cowen assumed coverage on shares of Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. Truist Financial raised their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, Citigroup increased 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 issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Trading Up 1.9 %

MKL traded up $30.81 during midday trading on Tuesday, hitting $1,655.88. 3,725 shares of the company were exchanged, compared to its average volume of 44,787. The firm has a market capitalization of $21.53 billion, a P/E ratio of 8.78 and a beta of 0.73. The firm’s 50 day moving average price is $1,585.81 and its 200-day moving average price is $1,525.55. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing the consensus estimate of $18.50 by ($0.33). The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.62 billion. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. As a group, equities analysts forecast that Markel Group Inc. will post 82.93 EPS for the current fiscal year.

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the sale, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now owns 634 shares in the company, valued at $1,027,606.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven A. Markel sold 3,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the completion of the transaction, the director now owns 66,668 shares in the company, valued at $109,228,184.52. The disclosure for this sale can be found here. Insiders own 1.71% 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.