CI Investments Inc. Sells 267 Shares of Markel Group Inc. $MKL

CI Investments Inc. cut its holdings in Markel Group Inc. (NYSE:MKL) by 19.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,077 shares of the insurance provider’s stock after selling 267 shares during the period. CI Investments Inc.’s holdings in Markel Group were worth $2,061,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Markel Group by 13.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after purchasing an additional 11,439 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Markel Group by 6.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after purchasing an additional 732 shares in the last quarter. Ervin Investment Management LLC grew its stake in Markel Group by 259.2% in the fourth quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock valued at $19,583,000 after purchasing an additional 6,574 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in Markel Group by 77.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after purchasing an additional 679 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 valued at $54,421,000 after buying an additional 24,557 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MKL shares. Wolfe Research assumed coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Truist Financial decreased their price target 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. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Markel Group presently has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the sale, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane Leopold bought 50 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the acquisition, the director owned 550 shares of the company’s stock, valued at $984,054.50. This trade represents a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by corporate insiders.

Markel Group Stock Up 1.8%

Shares of NYSE:MKL opened at $1,995.96 on Friday. The firm’s 50-day moving average is $1,891.27 and its two-hundred day moving average is $1,950.21. 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 firm has a market capitalization of $24.97 billion, a PE ratio of 14.38 and a beta of 0.66.

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

Markel Group 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.