Legal & General Group Plc lowered its stake in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,957 shares of the insurance provider’s stock after selling 4,319 shares during the quarter. Legal & General Group Plc owned approximately 0.55% of Markel Group worth $148,233,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MKL. Valley National Advisers Inc. acquired a new position in Markel Group during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Markel Group during the 3rd quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in Markel Group during the 4th quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Markel Group by 183.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 11 shares during the period. Finally, Kelleher Financial Advisors acquired a new position in Markel Group during the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 77.12% of the company’s stock.
Markel Group Trading Down 0.2%
Shares of MKL stock opened at $1,843.44 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The stock has a fifty day moving average of $1,884.57 and a two-hundred day moving average of $2,008.86. The firm has a market capitalization of $23.06 billion, a PE ratio of 13.28 and a beta of 0.67.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on MKL shares. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Truist Financial reduced their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Weiss Ratings lowered Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Brean Capital initiated coverage on Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2,025.00.
Get Our Latest Stock Report on Markel Group
Insider Buying and Selling
In related news, Director Diane Leopold purchased 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the purchase, the director owned 550 shares in the company, valued at approximately $984,054.50. The trade was a 10.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was 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 directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.
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