Markel Group Inc. $MKL Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Markel Group Inc. (NYSE:MKL) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,957 shares of the insurance provider’s stock after selling 4,319 shares during the quarter. Legal & General Group Plc’s holdings in Markel Group were worth $148,233,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Canerector Inc. lifted its holdings in shares of Markel Group by 191,036.0% in the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after buying an additional 10,698,016 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Markel Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock valued at $2,242,020,000 after buying an additional 5,184 shares during the period. Principal Financial Group Inc. raised its position in shares of Markel Group by 1.8% during the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after purchasing an additional 9,496 shares during the period. Davis Selected Advisers raised its position 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 purchasing an additional 41,632 shares during the period. Finally, Select Equity Group L.P. raised its position in shares of Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MKL shares. Brean Capital started coverage on Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Truist Financial cut their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average target price of $2,025.00.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Diane Leopold purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the transaction, the director owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director directly owned 645 shares in the company, valued at $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 currently owned by insiders.

Markel Group Stock Down 0.2%

MKL stock opened at $1,843.44 on Friday. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company’s 50 day simple moving average is $1,884.57 and its 200-day simple moving average is $2,008.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $23.06 billion, a P/E ratio of 13.28 and a beta of 0.67.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, equities research analysts anticipate that Markel Group Inc. will post 113.55 EPS for the current year.

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.