Tributary Capital Management LLC Has $867,000 Stock Position in Markel Group Inc. (NYSE:MKL)

Tributary Capital Management LLC trimmed its stake in shares of Markel Group Inc. (NYSE:MKL) by 17.0% during the first quarter, Holdings Channel reports. The firm owned 570 shares of the insurance provider’s stock after selling 117 shares during the period. Tributary Capital Management LLC’s holdings in Markel Group were worth $867,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in shares of Markel Group in the 4th quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in shares of Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 12 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Markel Group during the 4th quarter worth $57,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Markel Group by 40.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 80 shares of the insurance provider’s stock worth $114,000 after buying an additional 23 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Markel Group during the 3rd quarter worth $125,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the completion of the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Markel Group Trading Down 0.2 %

Shares of Markel Group stock traded down $3.79 on Tuesday, hitting $1,571.55. 578 shares of the company’s stock traded hands, compared to its average volume of 45,388. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The firm’s 50-day moving average price is $1,581.79 and its two-hundred day moving average price is $1,501.85. The stock has a market capitalization of $20.43 billion, a PE ratio of 8.51 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.62 billion. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. On average, research analysts expect that Markel Group Inc. will post 82.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Finally, Truist Financial upped their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,520.00.

Markel Group 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.