Harbor Investment Advisory LLC Purchases 339 Shares of Markel Group Inc. $MKL

Harbor Investment Advisory LLC grew its position in shares of Markel Group Inc. (NYSE:MKL) by 18.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,198 shares of the insurance provider’s stock after purchasing an additional 339 shares during the period. Harbor Investment Advisory LLC’s holdings in Markel Group were worth $4,292,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Markel Group by 34.1% in the 2nd quarter. Versant Capital Management Inc now owns 55 shares of the insurance provider’s stock valued at $107,000 after acquiring an additional 14 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Markel Group during the first quarter worth about $381,000. Steelhead Wealth Management LLC bought a new position in shares of Markel Group in the first quarter worth approximately $645,000. Rathbones Group PLC increased its position in shares of Markel Group by 67.4% in the first quarter. Rathbones Group PLC now owns 2,616 shares of the insurance provider’s stock worth $5,007,000 after purchasing an additional 1,053 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Markel Group by 1.1% in the first quarter. Parallel Advisors LLC now owns 2,965 shares of the insurance provider’s stock valued at $5,677,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

MKL has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Weiss Ratings raised shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Finally, Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2,025.00.

Insiders Place Their Bets

In related news, Director Diane Leopold acquired 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the purchase, the director owned 550 shares of the company’s stock, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.08% of the stock is owned by company insiders.

Markel Group Stock Performance

NYSE:MKL opened at $1,888.19 on Wednesday. The company has a market capitalization of $23.39 billion, a price-to-earnings ratio of 10.38 and a beta of 0.66. The business has a 50 day moving average of $1,903.08 and a 200 day moving average of $1,939.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59.

About Markel Group

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.