Quilter Plc Acquires 2,169 Shares of Markel Group Inc. $MKL

Quilter Plc raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,388 shares of the insurance provider’s stock after acquiring an additional 2,169 shares during the quarter. Markel Group accounts for approximately 1.2% of Quilter Plc’s investment portfolio, making the stock its 28th biggest position. Quilter Plc’s holdings in Markel Group were worth $69,551,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Clearstead Trust LLC increased its holdings in Markel Group by 180.0% in the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after buying an additional 9 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Markel Group during the 2nd quarter valued at about $32,000. Ameritas Advisory Services LLC bought a new stake in shares of Markel Group in the second quarter worth approximately $38,000. GoalVest Advisory LLC purchased a new position in shares of Markel Group during the third quarter valued at approximately $38,000. Finally, Hemington Wealth Management raised its holdings in shares of Markel Group by 35.3% during the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 1.0%

Shares of Markel Group stock opened at $2,025.71 on Friday. Markel Group Inc. has a 1-year low of $1,621.89 and a 1-year high of $2,207.59. The company’s fifty day simple moving average is $2,105.42 and its 200-day simple moving average is $2,007.63. 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 stock has a market capitalization of $25.54 billion, a PE ratio of 12.68 and a beta of 0.80.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The company had revenue of $3.93 billion for 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%. As a group, equities analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Activity

In other news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. The trade was a 4.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the transaction, the director owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,575 shares of company stock worth $3,330,900 in the last ninety days. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MKL shares. TD Cowen reaffirmed a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $2,025.00.

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.