Snyder Capital Management L P Lowers Holdings in Markel Group Inc. $MKL

Snyder Capital Management L P reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 19.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,235 shares of the insurance provider’s stock after selling 1,791 shares during the quarter. Snyder Capital Management L P owned about 0.06% of Markel Group worth $13,829,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Markel Group in the fourth quarter valued at about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Markel Group by 13.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 13 shares during the period. Goldman Sachs Group Inc. raised its holdings 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 valued at $64,883,000 after purchasing an additional 3,083 shares in the last quarter. Empowered Funds LLC lifted its position 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, Arkadios Wealth Advisors bought a new position in shares of Markel Group during the second quarter valued at approximately $216,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Down 0.1%

Markel Group stock opened at $2,036.97 on Thursday. The company has a market cap of $25.63 billion, a PE ratio of 12.00 and a beta of 0.77. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The business’s 50-day simple moving average is $2,085.33 and its two-hundred day simple moving average is $2,023.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 0.63.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the transaction, the director owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 2,397 shares in the company, valued at $4,984,513.56. This trade represents a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on MKL. Truist Financial upped their target price on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $2,100.00.

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.