Markel Group Inc. $MKL is JANA Partners Management LP’s 6th Largest Position

JANA Partners Management LP cut its stake in Markel Group Inc. (NYSE:MKL) by 7.3% in the first quarter, Holdings Channel reports. The firm owned 75,307 shares of the insurance provider’s stock after selling 5,912 shares during the period. Markel Group comprises 8.6% of JANA Partners Management LP’s holdings, making the stock its 6th largest position. JANA Partners Management LP’s holdings in Markel Group were worth $144,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MKL. Valley National Advisers Inc. purchased a new stake in Markel Group in the fourth quarter valued at approximately $25,000. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group during the fourth quarter valued at $26,000. Reflection Asset Management acquired a new stake in shares of Markel Group during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group in the 3rd quarter valued at about $29,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Markel Group in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction on 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 approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Diane Leopold bought 50 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the transaction, the director owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MKL. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday. Wolfe Research initiated coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. Truist Financial reduced their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $2,025.00.

Markel Group Trading Down 0.0%

Shares of MKL stock opened at $1,882.00 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $23.32 billion, a PE ratio of 10.35 and a beta of 0.66. The company has a 50-day moving average of $1,902.13 and a two-hundred day moving average of $1,942.96. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59.

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.