World Investment Advisors purchased a new stake in shares of Markel Group Inc. (NYSE:MKL – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 272 shares of the insurance provider’s stock, valued at approximately $585,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC grew its position in Markel Group by 6.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 403 shares of the insurance provider’s stock valued at $866,000 after buying an additional 26 shares during the period. Versor Investments LP acquired a new stake in Markel Group during the fourth quarter valued at $215,000. Freedom Day Solutions LLC grew its position in Markel Group by 0.7% during the fourth quarter. Freedom Day Solutions LLC now owns 1,717 shares of the insurance provider’s stock valued at $3,691,000 after buying an additional 12 shares during the period. Lafayette Investments Inc. grew its position in Markel Group by 1.1% during the fourth quarter. Lafayette Investments Inc. now owns 20,393 shares of the insurance provider’s stock valued at $43,838,000 after buying an additional 218 shares during the period. Finally, Shoker Investment Counsel Inc. acquired a new stake in Markel Group during the fourth quarter valued at $215,000. Institutional investors and hedge funds own 77.12% of the company’s stock.
Analyst Ratings Changes
MKL has been the topic of several analyst reports. Brean Capital began coverage on shares of Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. Weiss Ratings cut shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Truist Financial cut their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus price target of $2,025.00.
Insider Transactions at Markel Group
In related news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Diane Leopold purchased 100 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the transaction, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. The trade was a 4.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.08% of the company’s stock.
Markel Group Stock Down 0.3%
MKL stock opened at $1,859.75 on Wednesday. The stock has a market capitalization of $23.27 billion, a P/E ratio of 13.40 and a beta of 0.67. The firm has a 50-day simple moving average of $1,898.69 and a 200-day simple moving average of $2,015.25. 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 Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.
Markel Group (NYSE:MKL – Get Free Report) last released its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Equities analysts forecast that Markel Group Inc. will post 113.02 earnings per share for the current fiscal year.
Markel Group 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.
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