Sterling Capital Management LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 40.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 421 shares of the insurance provider’s stock after selling 287 shares during the period. Sterling Capital Management LLC’s holdings in Markel Group were worth $806,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Canerector Inc. raised its holdings in shares of Markel Group by 191,036.0% during the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after acquiring an additional 10,698,016 shares during the period. Norges Bank purchased a new stake in shares of Markel Group in the fourth quarter valued at about $317,583,000. Select Equity Group L.P. increased its position in Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Selected Advisers increased its position in Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after purchasing an additional 24,557 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.
Markel Group Trading Down 1.8%
Shares of MKL stock opened at $1,917.95 on Thursday. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The firm has a market cap of $23.99 billion, a PE ratio of 13.82 and a beta of 0.66. The company has a 50-day moving average of $1,852.74 and a two-hundred day moving average of $1,973.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63.
Insider Buying and Selling
In other news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 645 shares in the company, valued at $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane Leopold acquired 50 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the purchase, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. This represents a 10.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MKL. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Truist Financial reduced their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Wolfe Research initiated coverage on Markel Group in a report on Wednesday. They issued an “underperform” rating on the stock. Brean Capital started coverage on Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective for the company. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $2,025.00.
Get Our Latest Stock Analysis on Markel Group
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.
Recommended Stories
- Five stocks we like better than Markel Group
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
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).
Receive News & Ratings for Markel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Group and related companies with MarketBeat.com's FREE daily email newsletter.
