Northstar Group Inc. Acquires New Stake in Markel Group Inc. $MKL

Northstar Group Inc. acquired a new stake in Markel Group Inc. (NYSE:MKL) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,718 shares of the insurance provider’s stock, valued at approximately $7,261,000. Markel Group comprises about 0.9% of Northstar Group Inc.’s holdings, making the stock its 17th largest position.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Markel Group in the 4th quarter worth $317,583,000. Select Equity Group L.P. boosted its holdings in shares of Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after acquiring an additional 145,146 shares in the last quarter. Davis Selected Advisers increased its stake in shares of Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after acquiring an additional 41,632 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after acquiring an additional 24,557 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in Markel Group by 13.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after purchasing an additional 23,631 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is owned by company insiders.

Markel Group Stock Performance

NYSE:MKL opened at $1,843.94 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The stock has a market cap of $22.85 billion, a PE ratio of 10.14 and a beta of 0.66. The firm’s fifty day simple moving average is $1,910.02 and its 200-day simple moving average is $1,929.46.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MKL shares. Truist Financial reduced their price objective 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. Weiss Ratings upgraded Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Wolfe Research started coverage on Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating for the company. Finally, Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $2,025.00.

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.