National Pension Service Purchases 337 Shares of Markel Group Inc. $MKL

National Pension Service increased its position in Markel Group Inc. (NYSE:MKL) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,003 shares of the insurance provider’s stock after purchasing an additional 337 shares during the period. National Pension Service’s holdings in Markel Group were worth $42,999,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. bought a new position in Markel Group in the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in Markel Group in the 3rd quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Markel Group in the 4th quarter worth about $32,000. Basepoint Wealth LLC bought a new position in Markel Group in the 4th quarter worth about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Markel Group by 183.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In other Markel Group news, Director Diane Leopold purchased 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the transaction, the director directly owned 550 shares of the company’s stock, valued at $984,054.50. This trade represents a 10.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated 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 directly owned 645 shares of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MKL shares. 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. 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. Finally, Truist Financial lowered 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. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2,025.00.

Markel Group Price Performance

MKL opened at $1,820.95 on Monday. 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 $22.78 billion, a P/E ratio of 13.12 and a beta of 0.67. The company’s 50-day simple moving average is $1,882.79 and its two-hundred day simple moving average is $2,007.16. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59.

Markel Group (NYSE:MKL) last posted its 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). 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, analysts predict that Markel Group Inc. will post 113.55 EPS for the current year.

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.