M&T Bank Corp Increases Position in Markel Group Inc. $MKL

M&T Bank Corp raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2,557.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,214 shares of the insurance provider’s stock after buying an additional 10,792 shares during the period. M&T Bank Corp’s holdings in Markel Group were worth $24,106,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Davidson Kahn Capital Management LLC boosted its position in shares of Markel Group by 1.7% during the fourth quarter. Davidson Kahn Capital Management LLC now owns 1,676 shares of the insurance provider’s stock valued at $3,603,000 after buying an additional 28 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Markel Group by 11.4% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,646 shares of the insurance provider’s stock valued at $16,434,000 after buying an additional 785 shares during the period. Hudson Value Partners LLC boosted its position in shares of Markel Group by 0.3% during the fourth quarter. Hudson Value Partners LLC now owns 3,517 shares of the insurance provider’s stock valued at $7,630,000 after buying an additional 9 shares during the period. Pavion Blue Capital LLC boosted its position in shares of Markel Group by 0.4% during the fourth quarter. Pavion Blue Capital LLC now owns 1,591 shares of the insurance provider’s stock valued at $3,420,000 after buying an additional 7 shares during the period. Finally, Evergreen Capital Management LLC purchased a new position in shares of Markel Group during the fourth quarter valued at approximately $361,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on MKL shares. Truist Financial boosted their target price on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target for the company. Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Friday, March 27th. Finally, Wall Street Zen upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2,100.00.

Insider Buying and Selling

In related news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.08% of the stock is owned by company insiders.

Markel Group Stock Down 1.0%

Shares of NYSE MKL opened at $1,946.86 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 11.47 and a beta of 0.79. The stock has a 50 day moving average price of $1,973.69 and a 200 day moving average price of $2,022.68. Markel Group Inc. has a 52-week low of $1,766.03 and a 52-week high of $2,207.59.

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.