Dover Advisors LLC Has $409,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

by · The Cerbat Gem

Dover Advisors LLC lessened its position in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 5.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 261 shares of the insurance provider’s stock after selling 14 shares during the quarter. Dover Advisors LLC’s holdings in Markel Group were worth $409,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC lifted its stake in shares of Markel Group by 2.5% during the first quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock valued at $496,000 after acquiring an additional 8 shares during the period. Wambolt & Associates LLC increased its holdings in Markel Group by 3.4% in the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 8 shares during the last quarter. Epic Trust Investment Advisors LLC increased its holdings in Markel Group by 4.6% in the second quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 8 shares during the last quarter. Choreo LLC increased its holdings in Markel Group by 1.9% in the first quarter. Choreo LLC now owns 539 shares of the insurance provider’s stock valued at $820,000 after purchasing an additional 10 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC increased its holdings in Markel Group by 5.3% in the second quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider’s stock valued at $312,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 0.4 %

MKL stock traded down $5.91 during mid-day trading on Tuesday, reaching $1,562.27. 33,941 shares of the company traded hands, compared to its average volume of 42,100. The stock has a market cap of $20.31 billion, a price-to-earnings ratio of 8.47 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24. The firm’s 50 day moving average price is $1,558.27 and its 200 day moving average price is $1,560.05.

Markel Group (NYSE:MKL – Get Free Report) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating the consensus estimate of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. As a group, equities research analysts predict that Markel Group Inc. will post 89.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Citigroup increased their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. TD Cowen assumed coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target for the company. Finally, Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,643.50.

Check Out Our Latest Stock Analysis on Markel Group

Insider Activity

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the transaction, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.71% of the company’s stock.

About Markel Group

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL – Free Report).