Eurizon Capital SGR S.p.A. Invests $5.01 Million in Markel Group Inc. $MKL

Eurizon Capital SGR S.p.A. acquired a new position in Markel Group Inc. (NYSE:MKL) during the 4th quarter, Holdings Channel reports. The firm acquired 2,329 shares of the insurance provider’s stock, valued at approximately $5,009,000.

Several other institutional investors have also recently made changes to their positions in MKL. Brighton Jones LLC bought a new position in shares of Markel Group in the 4th quarter worth approximately $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 13 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Markel Group by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after purchasing an additional 3,083 shares during the period. Empowered Funds LLC lifted its stake in shares of Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after purchasing an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Markel Group in the 2nd quarter worth approximately $463,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MKL shares. Brean Capital started coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Truist Financial decreased 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 research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2,025.00.

Markel Group Price Performance

NYSE MKL opened at $1,792.47 on Tuesday. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 12.92 and a beta of 0.67. The company’s 50 day moving average is $1,880.99 and its two-hundred day moving average is $2,005.27. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24.

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

Insider Activity at Markel Group

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 price of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This represents a 10.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction that occurred on 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 in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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.