Lodestone Wealth Management LLC Lowers Stock Holdings in Markel Group Inc. (NYSE:MKL)

Lodestone Wealth Management LLC lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 40.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 161 shares of the insurance provider’s stock after selling 108 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Markel Group were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Epic Trust Investment Advisors LLC increased its stake in Markel Group by 4.6% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after buying an additional 8 shares during the period. Freedom Day Solutions LLC increased its stake in shares of Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after acquiring an additional 8 shares during the period. Hunter Associates Investment Management LLC raised its holdings in Markel Group by 1.1% during the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after purchasing an additional 8 shares in the last quarter. Financial Advocates Investment Management raised its holdings in Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after purchasing an additional 8 shares in the last quarter. Finally, Choreo LLC lifted its position in Markel Group by 1.9% in the first quarter. Choreo LLC now owns 539 shares of the insurance provider’s stock valued at $820,000 after purchasing an additional 10 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on MKL. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Citigroup upped their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Royal Bank of Canada reduced their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday. Jefferies Financial Group upped their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen initiated coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Stock Up 0.2 %

MKL opened at $1,545.00 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 7.13 and a beta of 0.73. 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 $1,567.50 and its two-hundred day moving average is $1,568.26.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Analysts anticipate that Markel Group Inc. will post 91.55 EPS for the current fiscal year.

Insider Activity

In related news, Director Lawrence A. Cunningham acquired 20 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now directly owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.71% of the company’s stock.

About Markel Group

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.