Markel Group Inc. $MKL Stock Position Cut by Chapman Investment Management LLC

Chapman Investment Management LLC lowered its stake in Markel Group Inc. (NYSE:MKL) by 0.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,782 shares of the insurance provider’s stock after selling 30 shares during the period. Markel Group comprises 6.7% of Chapman Investment Management LLC’s holdings, making the stock its 7th largest position. Chapman Investment Management LLC’s holdings in Markel Group were worth $9,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC boosted its holdings in Markel Group by 183.3% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Markel Group during the 1st quarter valued at about $32,000. Chilton Capital Management LLC purchased a new stake in shares of Markel Group during the 2nd quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new stake in shares of Markel Group during the 2nd quarter valued at about $38,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Markel Group during the 1st quarter valued at about $54,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.8%

Shares of MKL stock opened at $1,959.19 on Tuesday. The company has a market capitalization of $24.71 billion, a price-to-earnings ratio of 12.26 and a beta of 0.78. Markel Group Inc. has a one year low of $1,534.60 and a one year high of $2,075.92. The company’s fifty day moving average price is $1,925.33 and its 200-day moving average price is $1,930.72. 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 announced its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, beating the consensus estimate of $22.77 by $8.13. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. Sell-side analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a research report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.