CI Investments Inc. Sells 267 Shares of Markel Group Inc. $MKL

CI Investments Inc. lowered its stake in Markel Group Inc. (NYSE:MKL) by 19.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,077 shares of the insurance provider’s stock after selling 267 shares during the period. CI Investments Inc.’s holdings in Markel Group were worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MKL. Valley National Advisers Inc. bought a new position in shares of Markel Group in the fourth quarter worth approximately $25,000. Fideuram Asset Management Ireland dac purchased a new stake in Markel Group during the 4th quarter valued at $26,000. Reflection Asset Management purchased a new stake in Markel Group during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group in the third quarter worth $29,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Markel Group during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Wolfe Research started coverage on Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Truist Financial dropped their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Markel Group has a consensus rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,995.96 on Friday. The company has a market capitalization of $24.97 billion, a P/E ratio of 14.38 and a beta of 0.66. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The firm’s 50 day simple moving average is $1,891.27 and its two-hundred day simple moving average is $1,950.21. 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 posted its quarterly earnings results 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 business had revenue of $3.55 billion for 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 expect that Markel Group Inc. will post 114.11 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their position. 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 business’s stock in a transaction on Wednesday, May 6th. The shares were bought at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the acquisition, the director owned 2,190 shares in the company, valued at approximately $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.08% of the stock is currently 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.