Evelyn Partners Investment Management Europe Ltd Sells 159,118 Shares of Markel Group Inc. $MKL

Evelyn Partners Investment Management Europe Ltd decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 99.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238 shares of the insurance provider’s stock after selling 159,118 shares during the quarter. Evelyn Partners Investment Management Europe Ltd’s holdings in Markel Group were worth $436,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. LGT Fund Management Co Ltd. bought a new stake in shares of Markel Group during the second quarter worth $793,000. OLD National Bancorp IN acquired a new position in Markel Group in the 2nd quarter worth $310,000. Envestnet Portfolio Solutions Inc. bought a new position in Markel Group during the 2nd quarter worth about $234,000. Jump Financial LLC acquired a new stake in shares of Markel Group in the 1st quarter valued at about $408,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Markel Group by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,739 shares of the insurance provider’s stock valued at $113,558,000 after purchasing an additional 2,817 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

MKL opened at $2,036.00 on Friday. The business’s 50-day simple moving average is $1,952.50 and its 200 day simple moving average is $1,951.76. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,109.91. 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 firm has a market capitalization of $25.67 billion, a PE ratio of 12.75 and a beta of 0.77.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, topping the consensus estimate of $22.77 by $8.13. Markel Group had a return on equity of 7.91% and a net margin of 12.99%.The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. As a group, sell-side analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MKL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a research report on Tuesday, November 11th. Cowen reiterated a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,930.50.

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.