Riverview Capital Advisers LLC Acquires New Position in Markel Group Inc. $MKL

Riverview Capital Advisers LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL) in the third quarter, Holdings Channel.com reports. The firm bought 4,338 shares of the insurance provider’s stock, valued at approximately $8,291,000. Markel Group accounts for 2.4% of Riverview Capital Advisers LLC’s holdings, making the stock its 13th largest holding.

Other large investors have also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Markel Group by 172.8% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock valued at $3,217,000 after purchasing an additional 1,066 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Markel Group by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after purchasing an additional 9,496 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Markel Group during the 3rd quarter valued at about $2,104,000. Osaic Holdings Inc. grew its holdings in Markel Group by 121.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock valued at $5,705,000 after buying an additional 1,563 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Markel Group during the third quarter valued at about $46,738,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Truist Financial increased their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Finally, Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus price target of $2,100.00.

Markel Group Stock Up 0.2%

Shares of NYSE MKL opened at $2,068.81 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $2,093.33 and a 200-day moving average of $2,022.15. The firm has a market capitalization of $26.03 billion, a price-to-earnings ratio of 12.19 and a beta of 0.77. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59.

Insiders Place Their Bets

In related news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction dated 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 owned 60,368 shares in the company, valued at $127,927,036.16. The trade was a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.66% of the stock is owned by corporate insiders.

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.