Markel Group Inc. $MKL Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in Markel Group Inc. (NYSE:MKL) by 87.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,731 shares of the insurance provider’s stock after purchasing an additional 810 shares during the quarter. Wealthfront Advisers LLC’s holdings in Markel Group were worth $3,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Davis Selected Advisers grew its holdings in shares of Markel Group by 11.1% during the 4th 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. Select Equity Group L.P. increased its position in Markel Group by 75.9% during the 2nd 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 in the last quarter. State Street Corp raised its holdings in Markel Group by 2.1% in the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock valued at $581,818,000 after buying an additional 6,160 shares during the period. DAVENPORT & Co LLC raised its holdings in Markel Group by 2.4% in the fourth quarter. DAVENPORT & Co LLC now owns 209,999 shares of the insurance provider’s stock valued at $452,365,000 after buying an additional 4,972 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position 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 valued at $440,379,000 after buying an additional 23,631 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $140,395.56. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diane Leopold bought 50 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following 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. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MKL has been the subject of several research reports. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Wolfe Research began coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. 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. Finally, Truist Financial lowered their price target on 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. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Markel Group currently has a consensus rating of “Reduce” and an average target price of $2,025.00.

Markel Group Stock Down 0.1%

MKL stock opened at $1,970.12 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $1,878.19 and a 200-day simple moving average of $1,955.23. The company has a market capitalization of $24.65 billion, a P/E ratio of 14.20 and a beta of 0.66. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

Markel Group (NYSE:MKL) last posted its quarterly earnings results 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). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. On average, equities research analysts predict that Markel Group Inc. will post 114.11 earnings per share for the current fiscal year.

Markel Group Company 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.