Epoch Investment Partners Inc. Lowers Stake in Markel Group Inc. $MKL

Epoch Investment Partners Inc. trimmed its position in Markel Group Inc. (NYSE:MKL) by 17.3% during the first quarter, HoldingsChannel.com reports. The firm owned 58,290 shares of the insurance provider’s stock after selling 12,152 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Markel Group were worth $111,571,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. acquired a new stake in Markel Group during the 4th quarter worth approximately $25,000. Fideuram Asset Management Ireland dac acquired a new position in Markel Group during the fourth quarter valued at approximately $26,000. Reflection Asset Management purchased a new stake in Markel Group during the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Markel Group during the third quarter worth approximately $29,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Markel Group in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MKL. Wolfe Research began coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Truist Financial cut their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Finally, Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $2,025.00.

Markel Group Trading Up 1.8%

MKL opened at $1,995.96 on Friday. The firm has a market capitalization of $24.97 billion, a P/E ratio of 14.38 and a beta of 0.66. The firm’s 50 day moving average is $1,891.27 and its 200-day moving average is $1,950.21. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. 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 (NYSE:MKL) last announced its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. Analysts expect that Markel Group Inc. will post 114.11 EPS for the current fiscal year.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction that occurred 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 owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diane Leopold purchased 100 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the acquisition, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.08% of the company’s stock.

Markel Group Company 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.