Markel Group Inc. $MKL Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in Markel Group Inc. (NYSE:MKL) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 27,526 shares of the insurance provider’s stock after selling 1,469 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Markel Group were worth $52,687,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MKL. Valley National Advisers Inc. acquired a new stake in Markel Group in the fourth quarter valued at $25,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Markel Group during the 4th quarter worth $26,000. Reflection Asset Management acquired a new position in shares of Markel Group during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group in the 3rd quarter valued at about $29,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Markel Group in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

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

Analysts Set New Price Targets

A number of analysts recently commented on MKL shares. Truist Financial decreased their price objective 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. Wolfe Research began coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Brean Capital began coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group Trading Down 0.0%

NYSE:MKL opened at $1,949.55 on Monday. 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 quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $1,861.64 and a 200-day simple moving average of $1,963.41. The company has a market capitalization of $24.39 billion, a PE ratio of 14.05 and a beta of 0.66.

Markel Group (NYSE:MKL) last posted its 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). The business 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%. On average, equities research analysts expect that Markel Group Inc. will post 114.11 earnings per share for the current fiscal 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.