Markel Group Inc. $MKL Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 40.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 421 shares of the insurance provider’s stock after selling 287 shares during the quarter. Sterling Capital Management LLC’s holdings in Markel Group were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Diversify Advisory Services LLC boosted its holdings in Markel Group by 4.5% in the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 5 shares during the period. Keybank National Association OH increased its stake in shares of Markel Group by 0.7% during the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after buying an additional 5 shares during the period. Wellington Shields & Co. LLC raised its holdings in Markel Group by 3.2% in the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 5 shares in the last quarter. Root Financial Partners LLC lifted its stake in Markel Group by 13.9% in the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 5 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in Markel Group by 4.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 5 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the sale, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane Leopold acquired 100 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the acquisition, the director directly owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This trade represents a 4.78% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.08% of the company’s stock.

Markel Group Stock Down 1.8%

Shares of NYSE:MKL opened at $1,917.95 on Thursday. The firm has a 50 day simple moving average of $1,852.74 and a 200-day simple moving average of $1,973.03. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $23.99 billion, a PE ratio of 13.82 and a beta of 0.66.

Markel Group (NYSE:MKL) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.66 billion. On average, equities analysts predict that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Analyst Ratings Changes

MKL has been the topic of a number of recent analyst reports. Brean Capital initiated coverage on shares of Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wolfe Research initiated coverage on Markel Group in a research note on Wednesday. They issued an “underperform” rating on the stock. Finally, Truist Financial cut their price target on 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. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Markel Group presently has an average rating of “Reduce” and a consensus target price of $2,025.00.

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.