Bank Julius Baer & Co. Ltd Zurich Has $211.17 Million Stake in Markel Group Inc. $MKL

Bank Julius Baer & Co. Ltd Zurich raised its stake in Markel Group Inc. (NYSE:MKL) by 13.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 97,923 shares of the insurance provider’s stock after buying an additional 11,439 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Markel Group were worth $211,172,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in Markel Group in the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Markel Group during the third quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Markel Group during the fourth quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Markel Group by 183.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 11 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of Markel Group during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on MKL shares. Weiss Ratings downgraded shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Brean Capital started coverage on shares of Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Finally, Truist Financial reduced their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average target price of $2,025.00.

Markel Group Trading Down 0.6%

NYSE MKL opened at $1,822.25 on Thursday. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week 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’s 50 day moving average price is $1,911.78 and its two-hundred day moving average price is $2,015.26. The stock has a market capitalization of $22.80 billion, a price-to-earnings ratio of 13.13 and a beta of 0.67.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.66 billion. As a group, analysts anticipate that Markel Group Inc. will post 113.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Markel Group news, Director Diane Leopold bought 100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average price 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 in the company, valued at approximately $3,925,815.90. This trade represents a 4.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the sale, the chief executive officer directly 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. The SEC filing for this sale provides additional information. 1.08% of the stock is currently owned by company insiders.

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.