Voya Investment Management LLC Sells 1,120 Shares of Markel Group Inc. $MKL

Voya Investment Management LLC cut its stake in Markel Group Inc. (NYSE:MKL) by 45.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,338 shares of the insurance provider’s stock after selling 1,120 shares during the period. Voya Investment Management LLC’s holdings in Markel Group were worth $2,557,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MKL. Clearstead Trust LLC lifted its position in Markel Group by 180.0% during the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 9 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at approximately $32,000. Ameritas Advisory Services LLC bought a new stake in shares of Markel Group during the 2nd quarter worth approximately $38,000. State of Wyoming lifted its holdings in shares of Markel Group by 35.0% during the 2nd quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 7 shares during the period. Finally, Barrett & Company Inc. boosted its position in shares of Markel Group by 166.7% during the 2nd quarter. Barrett & Company Inc. now owns 32 shares of the insurance provider’s stock worth $64,000 after acquiring an additional 20 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MKL shares. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Zacks Research raised Markel Group from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Markel Group has a consensus rating of “Moderate Buy” and a consensus target price of $2,025.00.

Insiders Place Their Bets

In related news, CEO Simon Wilson sold 75 shares of the business’s 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 sale, the chief executive officer owned 1,770 shares of the company’s stock, valued at $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the transaction, the director directly owned 60,368 shares of the company’s stock, 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. In the last quarter, insiders have sold 1,575 shares of company stock worth $3,330,900. 1.66% of the stock is owned by company insiders.

Markel Group Trading Down 0.1%

NYSE MKL opened at $2,181.66 on Friday. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 13.66 and a beta of 0.81. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $2,046.72 and its 200 day moving average is $1,988.17.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a return on equity of 7.76% and a net margin of 12.99%.The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. As a group, sell-side analysts expect that Markel Group Inc. will post 96.25 EPS 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.