Candriam S.C.A. Purchases 393 Shares of Markel Group Inc. $MKL

Candriam S.C.A. increased its position in Markel Group Inc. (NYSE:MKL) by 31.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,642 shares of the insurance provider’s stock after acquiring an additional 393 shares during the quarter. Candriam S.C.A.’s holdings in Markel Group were worth $3,143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 valued at $892,496,000 after purchasing an additional 41,632 shares during the last quarter. Select Equity Group L.P. boosted its position 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 purchasing an additional 145,146 shares during the period. State Street Corp increased its stake in shares of Markel Group by 2.1% in the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after purchasing an additional 6,160 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of 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 purchasing an additional 4,972 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Markel Group by 13.0% in 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 purchasing an additional 23,631 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

NYSE MKL opened at $1,964.23 on Tuesday. The company’s 50 day simple moving average is $1,865.42 and its two-hundred day simple moving average is $1,961.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The stock has a market capitalization of $24.57 billion, a PE ratio of 14.15 and a beta of 0.66.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. Analysts predict that Markel Group Inc. will post 114.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of a number of recent research reports. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. 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 report on Thursday, April 30th. Brean Capital began coverage on Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Finally, Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $2,025.00.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Diane Leopold bought 50 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the purchase, the director directly owned 550 shares of the company’s stock, valued at $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greta J. Harris sold 76 shares of the firm’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 directly owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is currently owned by company insiders.

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.