Markel Group Inc. $MKL Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 4.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 122 shares of the insurance provider’s stock after selling 6 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Markel Group were worth $243,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MKL. Brighton Jones LLC acquired a new stake in shares of Markel Group during the fourth quarter worth $236,000. Merit Financial Group LLC boosted its holdings in Markel Group by 28.3% in the first quarter. Merit Financial Group LLC now owns 163 shares of the insurance provider’s stock valued at $305,000 after acquiring an additional 36 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Markel Group by 3.3% in the first quarter. Yousif Capital Management LLC now owns 283 shares of the insurance provider’s stock valued at $529,000 after acquiring an additional 9 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock valued at $116,000 after acquiring an additional 7 shares during the last quarter. Finally, Manitou Investment Management Ltd. acquired a new position in Markel Group in the first quarter valued at $729,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.3%

Shares of MKL opened at $1,964.65 on Wednesday. The stock’s 50-day moving average is $1,940.98 and its two-hundred day moving average is $1,913.88. The stock has a market cap of $24.85 billion, a PE ratio of 11.78 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MKL. Cowen reiterated a “hold” rating on shares of Markel Group in a report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average price target of $1,820.33.

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.