Bradyco Inc. Sells 500 Shares of Markel Group Inc. $MKL

Bradyco Inc. decreased its position in Markel Group Inc. (NYSE:MKL) by 18.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,239 shares of the insurance provider’s stock after selling 500 shares during the quarter. Markel Group comprises about 4.9% of Bradyco Inc.’s holdings, making the stock its 6th largest position. Bradyco Inc.’s holdings in Markel Group were worth $4,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. Canerector Inc. boosted its stake in shares of Markel Group by 191,036.0% during the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after purchasing an additional 10,698,016 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Markel Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock valued at $2,242,020,000 after buying an additional 5,184 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Markel Group by 1.8% during the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after buying an additional 9,496 shares during the period. Select Equity Group L.P. lifted its stake in shares of Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after buying an additional 145,146 shares during the period. Finally, Norges Bank acquired a new stake in Markel Group during the second quarter worth approximately $288,361,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.4%

Shares of MKL stock opened at $1,970.00 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The firm’s 50 day moving average price is $2,069.39 and its two-hundred day moving average price is $2,024.90. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of 11.61 and a beta of 0.77.

Insider Buying and Selling at Markel Group

In related news, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the sale, the director directly owned 60,368 shares of the company’s stock, valued at approximately $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. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

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

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.