Markel Group Inc. $MKL Position Boosted by Steginsky Capital LLC

Steginsky Capital LLC lifted its holdings in Markel Group Inc. (NYSE:MKL) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,990 shares of the insurance provider’s stock after buying an additional 900 shares during the period. Markel Group makes up approximately 14.8% of Steginsky Capital LLC’s portfolio, making the stock its 3rd biggest holding. Steginsky Capital LLC’s holdings in Markel Group were worth $88,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Markel Group by 172.8% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock valued at $3,217,000 after acquiring an additional 1,066 shares during the period. Principal Financial Group Inc. raised its holdings in Markel Group by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after acquiring an additional 9,496 shares during the period. Ervin Investment Management LLC raised its holdings in Markel Group by 259.2% during the 4th quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock valued at $19,583,000 after acquiring an additional 6,574 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Markel Group during the 3rd quarter valued at $2,104,000. Finally, Rakuten Investment Management Inc. bought a new stake in Markel Group during the 3rd quarter valued at $46,738,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MKL. Weiss Ratings cut shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Brean Capital began coverage on shares of Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Truist Financial lowered their target price on shares of 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, Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Trading Down 0.1%

Markel Group stock opened at $1,844.94 on Friday. The stock has a market cap of $23.08 billion, a P/E ratio of 13.29 and a beta of 0.67. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The firm’s fifty day moving average price is $1,904.24 and its 200-day moving average price is $2,013.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Equities research analysts forecast that Markel Group Inc. will post 113.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Markel Group

In other news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diane Leopold purchased 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, for a total transaction of $179,261.00. Following the acquisition, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.08% of the company’s stock.

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.