Markel Group Inc. Purchases 8,000 Shares of Crown Holdings, Inc. $CCK

Markel Group Inc. increased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.8% during the first quarter, Holdings Channel reports. The fund owned 220,000 shares of the industrial products company’s stock after purchasing an additional 8,000 shares during the period. Markel Group Inc.’s holdings in Crown were worth $22,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Royal Bank of Canada lifted its position in Crown by 24.1% during the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock worth $4,367,000 after buying an additional 9,497 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Crown during the first quarter valued at approximately $111,000. NewEdge Advisors LLC raised its position in Crown by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock worth $528,000 after purchasing an additional 351 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Crown by 23.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock worth $59,471,000 after buying an additional 127,737 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Ratings Changes

CCK has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $107.00 target price for the company in a research report on Monday, May 18th. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. UBS Group dropped their price target on shares of Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Truist Financial lowered their target price on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, DA Davidson cut their price target on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.29.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Trading Up 1.7%

Shares of NYSE CCK traded up $1.88 during midday trading on Friday, reaching $111.59. 780,309 shares of the stock were exchanged, compared to its average volume of 1,100,082. Crown Holdings, Inc. has a 12 month low of $89.21 and a 12 month high of $116.62. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.84 and a beta of 0.60. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The business has a 50-day simple moving average of $101.60 and a two-hundred day simple moving average of $104.36.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $1.67 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, equities research analysts expect that Crown Holdings, Inc. will post 8.05 EPS for the current year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, May 14th. Crown’s dividend payout ratio (DPR) is 22.29%.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.