Seizert Capital Partners LLC Decreases Holdings in Markel Group Inc. $MKL

Seizert Capital Partners LLC cut its stake in Markel Group Inc. (NYSE:MKL) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,236 shares of the insurance provider’s stock after selling 507 shares during the quarter. Seizert Capital Partners LLC’s holdings in Markel Group were worth $10,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its position in Markel Group by 1.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock worth $692,000 after acquiring an additional 6 shares in the last quarter. Investidor Profissional Gestao de Recursos Ltda. acquired a new position in shares of Markel Group during the second quarter worth $378,000. Vanguard Group Inc. boosted its stake in shares of Markel Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,167,813 shares of the insurance provider’s stock valued at $2,332,543,000 after purchasing an additional 9,303 shares during the period. Culbertson A N & Co. Inc. grew its holdings in Markel Group by 70.2% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 2,519 shares of the insurance provider’s stock valued at $5,031,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Poehling Capital Management INC. increased its stake in Markel Group by 2.6% during the 2nd quarter. Poehling Capital Management INC. now owns 13,244 shares of the insurance provider’s stock worth $26,453,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.5%

Shares of NYSE MKL opened at $2,052.25 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $1,946.91 and its two-hundred day moving average price is $1,949.30. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,109.91. The stock has a market capitalization of $25.88 billion, a P/E ratio of 12.85 and a beta of 0.77.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a return on equity of 7.91% and a net margin of 12.99%.The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. On average, analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MKL. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research note on Tuesday, November 11th. Cowen restated 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 assigned a Hold rating to the company. According to data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target of $1,930.50.

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.