Markel Group Inc. $MKL Shares Sold by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC lowered its position in Markel Group Inc. (NYSE:MKL) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,390 shares of the insurance provider’s stock after selling 180 shares during the quarter. Markel Group makes up about 3.8% of Evergreen Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Evergreen Wealth Management LLC’s holdings in Markel Group were worth $6,772,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Markel Group during the 1st quarter worth about $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after buying an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Markel Group during the 1st quarter worth about $32,000. Chilton Capital Management LLC acquired a new stake in shares of Markel Group during the 2nd quarter worth about $32,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Markel Group during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,930.50.

Markel Group Price Performance

NYSE:MKL opened at $1,836.20 on Wednesday. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 11.01 and a beta of 0.78. The firm’s 50-day simple moving average is $1,929.67 and its 200 day simple moving average is $1,925.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping analysts’ consensus estimates of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm earned $18.62 earnings per share. Markel Group’s revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, sell-side analysts predict that Markel Group Inc. will post 96.25 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.