Markel Group Inc. $MKL Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of Markel Group Inc. (NYSE:MKL) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 547,188 shares of the insurance provider’s stock after buying an additional 9,496 shares during the period. Principal Financial Group Inc.’s holdings in Markel Group were worth $1,045,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in Markel Group by 2,525.0% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the insurance provider’s stock worth $201,000 after acquiring an additional 101 shares during the period. Independent Advisor Alliance raised its stake in shares of Markel Group by 69.0% during the third quarter. Independent Advisor Alliance now owns 267 shares of the insurance provider’s stock valued at $511,000 after purchasing an additional 109 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Markel Group in the third quarter worth about $317,000. Keybank National Association OH grew its position in Markel Group by 9.8% in the 3rd quarter. Keybank National Association OH now owns 760 shares of the insurance provider’s stock valued at $1,453,000 after buying an additional 68 shares in the last quarter. Finally, National Pension Service grew its position in Markel Group by 1.1% in the 3rd quarter. National Pension Service now owns 19,666 shares of the insurance provider’s stock valued at $37,589,000 after buying an additional 223 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In related news, CEO Simon Wilson sold 75 shares of Markel Group 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 transaction, the chief executive officer directly owned 1,770 shares in the company, valued at $3,669,103.80. The trade was a 4.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven A. Markel sold 1,330 shares of the business’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 sale, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,575 shares of company stock valued at $3,330,900. Corporate insiders own 1.66% of the company’s stock.

Markel Group Stock Up 1.0%

NYSE MKL opened at $2,041.15 on Friday. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The company has a market capitalization of $25.74 billion, a P/E ratio of 12.78 and a beta of 0.80. The company’s 50 day simple moving average is $2,103.25 and its 200 day simple moving average is $2,008.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last posted its quarterly 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 firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.76%. Equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. TD Cowen reissued a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Finally, Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $2,025.00.

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.