272 Shares in Markel Group Inc. $MKL Purchased by World Investment Advisors

World Investment Advisors purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 272 shares of the insurance provider’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKL. BI Asset Management Fondsmaeglerselskab A S raised its stake in Markel Group by 172.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock worth $3,217,000 after purchasing an additional 1,066 shares during the period. Principal Financial Group Inc. raised its stake in Markel Group by 1.8% during the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after purchasing an additional 9,496 shares during the period. Ervin Investment Management LLC raised its stake in Markel Group by 259.2% during the fourth quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock worth $19,583,000 after purchasing an additional 6,574 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Markel Group during the third quarter worth about $2,104,000. Finally, Rakuten Investment Management Inc. purchased a new position in Markel Group during the third quarter worth about $46,738,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 sale, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane Leopold purchased 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the purchase, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This trade represents a 10.00% increase in their position. The SEC filing for this purchase provides additional information. 1.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MKL shares. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Brean Capital started coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Finally, Truist Financial reduced their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2,025.00.

Markel Group Price Performance

Markel Group stock opened at $1,859.75 on Wednesday. The company’s 50 day simple moving average is $1,898.69 and its 200-day simple moving average is $2,015.25. The company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 13.40 and a beta of 0.67. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, equities research analysts expect that Markel Group Inc. will post 113.02 earnings per share for the current year.

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.