Markel Group Inc. $MKL Shares Acquired by Seneca House Advisors

Seneca House Advisors lifted its stake in Markel Group Inc. (NYSE:MKL) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,661 shares of the insurance provider’s stock after buying an additional 595 shares during the period. Markel Group makes up 5.9% of Seneca House Advisors’ investment portfolio, making the stock its 4th largest holding. Seneca House Advisors’ holdings in Markel Group were worth $14,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKL. LGT Fund Management Co Ltd. purchased a new position in shares of Markel Group during the second quarter worth approximately $793,000. OLD National Bancorp IN acquired a new stake in Markel Group during the 2nd quarter worth $310,000. Nomura Asset Management Co. Ltd. increased its position in Markel Group by 5.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 4,017 shares of the insurance provider’s stock valued at $8,023,000 after acquiring an additional 203 shares during the period. American Century Companies Inc. increased its holdings in shares of Markel Group by 10.8% in the second quarter. American Century Companies Inc. now owns 26,527 shares of the insurance provider’s stock valued at $52,984,000 after purchasing an additional 2,575 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Markel Group in the 2nd quarter worth $234,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Markel Group

In related news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the sale, the chief executive officer owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the sale, the director directly owned 60,368 shares in the company, valued at approximately $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,575 shares of company stock valued at $3,330,900. Company insiders own 1.66% of the company’s stock.

Markel Group Price Performance

Markel Group stock opened at $2,168.96 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 13.58 and a beta of 0.81. The firm has a 50 day moving average price of $2,019.91 and a 200 day moving average price of $1,979.68. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,194.31.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.76%. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. Sell-side analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 15th. Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $2,025.00.

Markel Group Company 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.