Martingale Asset Management L P Sells 2,254 Shares of Markel Group Inc. $MKL

Martingale Asset Management L P cut its holdings in shares of Markel Group Inc. (NYSE:MKL) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,948 shares of the insurance provider’s stock after selling 2,254 shares during the quarter. Martingale Asset Management L P owned approximately 0.06% of Markel Group worth $17,085,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Markel Group by 13.0% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after purchasing an additional 23,631 shares during the last quarter. Korea Investment CORP increased its stake in Markel Group by 12.2% during the fourth quarter. Korea Investment CORP now owns 9,061 shares of the insurance provider’s stock worth $19,478,000 after acquiring an additional 982 shares during the last quarter. Wealthspire Advisors LLC increased its stake in Markel Group by 42.0% during the fourth quarter. Wealthspire Advisors LLC now owns 250 shares of the insurance provider’s stock worth $537,000 after acquiring an additional 74 shares during the last quarter. Hamilton Point Investment Advisors LLC bought a new stake in Markel Group during the fourth quarter worth approximately $219,000. Finally, Insigneo Advisory Services LLC bought a new stake in Markel Group during the fourth quarter worth approximately $215,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Up 908.1%

Shares of NYSE:MKL opened at $1,844.91 on Friday. Markel Group Inc. has a 1 year low of $182.19 and a 1 year high of $2,207.59. The business has a 50 day simple moving average of $1,866.13 and a two-hundred day simple moving average of $1,989.99. The firm has a market capitalization of $23.08 billion, a PE ratio of 13.29 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63.

Markel Group (NYSE:MKL) last announced its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (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 business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. On average, equities analysts predict that Markel Group Inc. will post 113.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Truist Financial dropped their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2,025.00.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the sale, the director owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane Leopold purchased 100 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the acquisition, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. This trade represents a 4.78% increase in their position. The SEC filing for this purchase provides additional information. 1.08% of the stock is owned by insiders.

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.