OP Asset Management Ltd Takes $5.92 Million Position in Markel Group Inc. $MKL

OP Asset Management Ltd purchased a new stake in Markel Group Inc. (NYSE:MKL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,092 shares of the insurance provider’s stock, valued at approximately $5,918,000.

A number of other large investors also recently bought and sold shares of the business. Valley National Advisers Inc. purchased a new stake in shares of Markel Group in the fourth quarter valued at approximately $25,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Markel Group during the 4th quarter worth approximately $26,000. Reflection Asset Management purchased a new position in shares of Markel Group during the 4th quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group during the 3rd quarter valued at approximately $29,000. Finally, V Square Quantitative Management LLC acquired a new stake in Markel Group in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other Markel Group news, Director Diane Leopold purchased 50 shares of the firm’s 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 in the company, valued at approximately $984,054.50. This represents a 10.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director 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 owned by corporate insiders.

Markel Group Stock Down 0.8%

Shares of MKL opened at $1,885.05 on Friday. The stock has a 50 day moving average price of $1,856.08 and a 200 day moving average price of $1,977.26. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $23.58 billion, a price-to-earnings ratio of 13.58 and a beta of 0.67.

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

Analyst Upgrades and Downgrades

MKL has been the subject of several recent analyst reports. Truist Financial cut their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Brean Capital started coverage on shares of Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” 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.