Epoch Investment Partners Inc. Sells 6,634 Shares of Markel Group Inc. $MKL

Epoch Investment Partners Inc. decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 8.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 70,442 shares of the insurance provider’s stock after selling 6,634 shares during the period. Markel Group comprises about 0.9% of Epoch Investment Partners Inc.’s holdings, making the stock its 28th biggest position. Epoch Investment Partners Inc.’s holdings in Markel Group were worth $151,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. bought a new position in shares of Markel Group during the fourth quarter worth $25,000. Fideuram Asset Management Ireland dac bought a new position in shares of Markel Group during the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Markel Group during the third quarter valued at $29,000. V Square Quantitative Management LLC purchased a new stake in Markel Group during the fourth quarter valued at $32,000. Finally, Basepoint Wealth LLC purchased a new stake in Markel Group during the fourth quarter valued at $32,000. Institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In other news, Director Diane Leopold bought 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the purchase, the director owned 550 shares in the company, valued at $984,054.50. The trade was a 10.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Greta J. Harris sold 76 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the sale, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MKL shares. Brean Capital started coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. Truist Financial decreased their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Price Performance

Markel Group stock opened at $1,844.91 on Friday. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 13.29 and a beta of 0.67. The firm’s fifty day moving average is $1,866.13 and its 200 day moving average is $1,989.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 52-week low of $182.19 and a 52-week high of $2,207.59.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Sell-side analysts forecast that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Markel Group Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.