Illinois Municipal Retirement Fund Sells 738 Shares of Markel Group Inc. $MKL

Illinois Municipal Retirement Fund lowered its stake in Markel Group Inc. (NYSE:MKL) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,445 shares of the insurance provider’s stock after selling 738 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Markel Group were worth $19,964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. Clearstead Trust LLC increased its stake in Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 9 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Markel Group in the 2nd quarter valued at about $32,000. Ameritas Advisory Services LLC acquired a new position in Markel Group during the 2nd quarter worth approximately $38,000. GoalVest Advisory LLC bought a new position in Markel Group in the third quarter worth approximately $38,000. Finally, Hemington Wealth Management boosted its holdings in Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 6 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Down 0.1%

NYSE MKL opened at $2,100.78 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $2,103.92 and a 200 day simple moving average of $2,011.96. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The firm has a market capitalization of $26.49 billion, a P/E ratio of 12.38 and a beta of 0.79.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer directly owned 1,770 shares in the company, valued at approximately $3,669,103.80. This represents a 4.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,575 shares of company stock worth $3,330,900 over the last three months. 1.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Truist Financial boosted their price target on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.