Truist Financial Corp Sells 478 Shares of Markel Group Inc. $MKL

Truist Financial Corp reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,319 shares of the insurance provider’s stock after selling 478 shares during the period. Truist Financial Corp’s holdings in Markel Group were worth $9,284,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. increased its holdings in Markel Group by 10.5% during the 4th quarter. Benjamin Edwards Inc. now owns 1,363 shares of the insurance provider’s stock worth $2,930,000 after purchasing an additional 130 shares in the last quarter. Davis Selected Advisers increased its holdings in Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares in the last quarter. Fifth Third Bancorp increased its holdings in Markel Group by 7.7% during the 4th quarter. Fifth Third Bancorp now owns 195 shares of the insurance provider’s stock worth $419,000 after purchasing an additional 14 shares in the last quarter. Jennison Associates LLC increased its holdings in Markel Group by 7.9% during the 4th quarter. Jennison Associates LLC now owns 73,199 shares of the insurance provider’s stock worth $157,352,000 after purchasing an additional 5,346 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in Markel Group by 0.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 4,121 shares of the insurance provider’s stock worth $8,859,000 after purchasing an additional 34 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Truist Financial cut their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Finally, Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2,025.00.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,810.91 on Friday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The stock’s 50 day moving average price is $1,931.50 and its 200-day moving average price is $2,017.25. The company has a market capitalization of $22.65 billion, a PE ratio of 13.05 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.66 billion. On average, equities analysts anticipate that Markel Group Inc. will post 113.77 EPS for the current year.

Insider Activity at Markel Group

In related news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value 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. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diane Leopold acquired 100 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the purchase, the director owned 2,190 shares of the company’s stock, valued at $3,925,815.90. The trade was a 4.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is currently owned by corporate insiders.

Markel Group Company 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.