Martingale Asset Management L P Lowers Holdings in Markel Group Inc. $MKL

Martingale Asset Management L P decreased its position in Markel Group Inc. (NYSE:MKL) by 22.1% in the fourth quarter, Holdings Channel reports. The firm owned 7,948 shares of the insurance provider’s stock after selling 2,254 shares during the period. Martingale Asset Management L P’s holdings in Markel Group were worth $17,085,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MKL. Canerector Inc. boosted its holdings in shares of Markel Group by 191,036.0% in the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the period. Norges Bank purchased a new stake in Markel Group during the fourth quarter worth $317,583,000. Select Equity Group L.P. lifted its holdings in Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after buying an additional 145,146 shares during the period. Davis Selected Advisers lifted its holdings in Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after buying an additional 41,632 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after buying an additional 24,557 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL stock opened at $1,844.91 on Friday. The business’s fifty day simple moving average is $1,866.13 and its 200-day simple moving average is $1,989.99. The company has a market cap of $23.08 billion, a PE ratio of 13.29 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 12-month low of $182.19 and a 12-month high of $2,207.59.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Analysts expect that Markel Group Inc. will post 113.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Markel Group

In other news, Director Diane Leopold bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the transaction, the director directly owned 2,190 shares in the company, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 645 shares in the company, valued at approximately $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.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Truist Financial lowered their target price 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. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price for the company. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2,025.00.

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.