Pilgrim Partners Asia Pte Ltd Purchases Shares of 1,000 Markel Group Inc. $MKL

Pilgrim Partners Asia Pte Ltd bought a new stake in Markel Group Inc. (NYSE:MKL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,000 shares of the insurance provider’s stock, valued at approximately $1,911,000. Markel Group accounts for about 0.9% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Trust LLC lifted its position in shares of Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after buying an additional 9 shares during the last quarter. Chilton Capital Management LLC bought a new position in Markel Group during the second quarter worth $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Markel Group in the second quarter valued at $38,000. GoalVest Advisory LLC bought a new position in shares of Markel Group in the third quarter valued at about $38,000. Finally, Hemington Wealth Management raised its position in shares of Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Markel Group stock opened at $2,031.18 on Tuesday. The firm has a market cap of $25.61 billion, a PE ratio of 12.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average price is $2,105.12 and its two-hundred day moving average price is $2,007.95. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,207.59.

Markel Group (NYSE:MKL) last released its earnings results 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. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a return on equity of 7.76% and a net margin of 12.99%. As a group, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 1,330 shares of Markel Group 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 transaction, the director directly owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Simon Wilson sold 75 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,575 shares of company stock valued at $3,330,900 over the last 90 days. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, TD Cowen reiterated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2,025.00.

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.