Wall Street Zen upgraded shares of Markel Group (NYSE:MKL – Free Report) from a sell rating to a hold rating in a report published on Saturday morning.
A number of other analysts also recently commented on the company. Weiss Ratings downgraded Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Truist Financial cut their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Finally, Wolfe Research began coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $2,025.00.
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Markel Group Stock Performance
Insider Buying and Selling at Markel Group
In other news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diane Leopold bought 100 shares of the stock in a transaction on Wednesday, May 6th. The stock was purchased at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the purchase, the director directly owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.08% of the company’s stock.
Institutional Trading of Markel Group
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Davis Selected Advisers raised its position in shares of Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after purchasing an additional 41,632 shares during the period. Select Equity Group L.P. lifted its position in Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after acquiring an additional 145,146 shares during the last quarter. State Street Corp lifted its position in Markel Group by 2.1% during the 3rd quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after acquiring an additional 6,160 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its holdings in Markel Group by 13.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after acquiring an additional 23,631 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Markel Group by 5.9% in the third quarter. Bank of America Corp DE now owns 153,099 shares of the insurance provider’s stock valued at $292,627,000 after purchasing an additional 8,539 shares during the last quarter. Institutional investors and hedge funds own 77.12% 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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