Deutsche Bank AG Cuts Stock Holdings in Markel Group Inc. (NYSE:MKL)

Deutsche Bank AG reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 22.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,396 shares of the insurance provider’s stock after selling 6,313 shares during the period. Deutsche Bank AG owned 0.17% of Markel Group worth $40,002,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MKL. GAMMA Investing LLC lifted its position in shares of Markel Group by 210,656.4% during the 1st quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider’s stock worth $216,718,000 after buying an additional 115,861 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Markel Group by 19.3% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider’s stock valued at $209,891,000 after acquiring an additional 19,657 shares during the last quarter. TD Asset Management Inc lifted its holdings in Markel Group by 34.0% during the first quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock worth $128,323,000 after acquiring an additional 17,413 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Markel Group by 18.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider’s stock worth $174,425,000 after purchasing an additional 15,916 shares during the last quarter. Finally, Rockbridge Capital Management LLC bought a new position in Markel Group in the 4th quarter valued at $24,834,000. 77.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,820.33.

Markel Group Price Performance

Markel Group stock opened at $1,928.35 on Wednesday. The business’s 50 day simple moving average is $1,973.07 and its 200 day simple moving average is $1,895.43. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 11.57 and a beta of 0.82. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping the consensus estimate of $24.74 by $0.72. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $18.62 EPS. Sell-side analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director owned 632 shares of the company’s stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.66% of the company’s stock.

Markel Group Company 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.