Bank of New York Mellon Corp Decreases Stock Holdings in Markel Group Inc. $MKL

Bank of New York Mellon Corp lessened its stake in Markel Group Inc. (NYSE:MKL) by 11.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,674 shares of the insurance provider’s stock after selling 5,586 shares during the period. Bank of New York Mellon Corp’s holdings in Markel Group were worth $83,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Markel Group in the 4th quarter worth approximately $236,000. OneDigital Investment Advisors LLC grew its holdings in Markel Group by 21.2% in the first quarter. OneDigital Investment Advisors LLC now owns 183 shares of the insurance provider’s stock worth $342,000 after purchasing an additional 32 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Markel Group during the first quarter worth $464,000. Moloney Securities Asset Management LLC purchased a new stake in shares of Markel Group during the 1st quarter valued at $267,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Markel Group by 112.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,341 shares of the insurance provider’s stock worth $2,507,000 after purchasing an additional 711 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MKL has been the topic of several recent analyst reports. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,930.50.

Markel Group Stock Up 1.4%

Markel Group stock opened at $2,037.13 on Friday. The business’s 50-day simple moving average is $1,929.43 and its two-hundred day simple moving average is $1,936.43. 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 company has a market cap of $25.69 billion, a PE ratio of 12.75 and a beta of 0.77. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,075.92.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $22.77 by $8.13. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. Equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

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.