Royal Fund Management LLC Sells 318 Shares of Markel Group Inc. $MKL

Royal Fund Management LLC lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 62.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192 shares of the insurance provider’s stock after selling 318 shares during the period. Royal Fund Management LLC’s holdings in Markel Group were worth $367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Markel Group during the fourth quarter worth $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 13 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Markel Group by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after purchasing an additional 3,083 shares during the last quarter. Empowered Funds LLC increased its position in Markel Group by 49.1% during the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after purchasing an additional 137 shares in the last quarter. Finally, Wedmont Private Capital bought a new position in Markel Group in the 2nd quarter valued at approximately $224,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Performance

Shares of Markel Group stock opened at $2,056.44 on Tuesday. The business has a 50-day simple moving average of $2,107.47 and a 200 day simple moving average of $2,006.19. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $25.93 billion, a price-to-earnings ratio of 12.87 and a beta of 0.80.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Markel Group had a return on equity of 7.76% and a net margin of 12.99%. On average, research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MKL. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Zacks Research raised Markel Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,025.00.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Simon Wilson sold 75 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer directly owned 1,770 shares in the company, valued at $3,669,103.80. This trade represents a 4.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,575 shares of company stock valued at $3,330,900. 1.66% of the stock is currently owned by insiders.

About Markel Group

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.