HighTower Advisors LLC Sells 2,891 Shares of Markel Group Inc. $MKL

HighTower Advisors LLC cut its stake in Markel Group Inc. (NYSE:MKL) by 4.2% in the fourth quarter, HoldingsChannel reports. The fund owned 65,702 shares of the insurance provider’s stock after selling 2,891 shares during the period. HighTower Advisors LLC’s holdings in Markel Group were worth $141,236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Canerector Inc. raised its position in shares of Markel Group by 191,036.0% during the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after acquiring an additional 10,698,016 shares during the last quarter. Select Equity Group L.P. raised its holdings in Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Selected Advisers raised 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 during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after purchasing an additional 24,557 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in Markel Group during the 3rd quarter worth about $46,738,000. 77.12% of the stock is owned by institutional investors.

Insider Transactions at Markel Group

In other news, Director Diane Leopold bought 50 shares of the stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the purchase, the director owned 550 shares of the company’s stock, valued at approximately $984,054.50. This trade represents a 10.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at $4,984,513.56. The trade was a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.08% of the company’s stock.

Markel Group Trading Down 0.3%

NYSE MKL opened at $1,859.75 on Wednesday. The stock has a 50-day simple moving average of $1,898.69 and a 200 day simple moving average of $2,015.25. The company has a market capitalization of $23.27 billion, a PE ratio of 13.40 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. Research analysts forecast that Markel Group Inc. will post 113.02 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on MKL shares. Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Brean Capital initiated coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Finally, Truist Financial dropped their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.