Markel Group Inc. $MKL Stock Holdings Reduced by Cigna Investments Inc. New

Cigna Investments Inc. New lowered its position in Markel Group Inc. (NYSE:MKL) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121 shares of the insurance provider’s stock after selling 8 shares during the quarter. Cigna Investments Inc. New’s holdings in Markel Group were worth $242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Markel Group during the 4th quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Markel Group by 15.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96 shares of the insurance provider’s stock worth $166,000 after acquiring an additional 13 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of Markel Group during the 4th quarter worth about $205,000. Toronto Dominion Bank boosted its stake in shares of Markel Group by 4.5% during the 4th quarter. Toronto Dominion Bank now owns 1,732 shares of the insurance provider’s stock worth $2,990,000 after acquiring an additional 75 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Markel Group during the 4th quarter worth about $9,893,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

NYSE MKL opened at $1,905.38 on Friday. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $24.10 billion, a PE ratio of 11.43 and a beta of 0.82. The stock has a 50-day simple moving average of $1,955.61 and a 200 day simple moving average of $1,908.60.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping the consensus estimate of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the firm earned $18.62 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. Research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,820.33.

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.