HighTower Advisors LLC Sells 465 Shares of Markel Group Inc. $MKL

HighTower Advisors LLC reduced its holdings in Markel Group Inc. (NYSE:MKL) by 0.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 68,593 shares of the insurance provider’s stock after selling 465 shares during the period. HighTower Advisors LLC’s holdings in Markel Group were worth $131,105,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Berkshire Asset Management LLC PA raised its position in Markel Group by 77.8% during the third quarter. Berkshire Asset Management LLC PA now owns 240 shares of the insurance provider’s stock valued at $459,000 after purchasing an additional 105 shares during the period. Hi Line Capital Management LLC raised its holdings in Markel Group by 2.4% during the 3rd quarter. Hi Line Capital Management LLC now owns 3,946 shares of the insurance provider’s stock valued at $7,542,000 after buying an additional 92 shares during the period. Ameritas Advisory Services LLC lifted its position in Markel Group by 178.9% in the third quarter. Ameritas Advisory Services LLC now owns 53 shares of the insurance provider’s stock worth $101,000 after buying an additional 34 shares during the last quarter. Assetmark Inc. boosted its stake in Markel Group by 16.0% during the third quarter. Assetmark Inc. now owns 58 shares of the insurance provider’s stock worth $111,000 after buying an additional 8 shares during the period. Finally, Ground Swell Capital LLC bought a new position in Markel Group during the third quarter valued at $250,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKL has been the subject of a number of recent analyst reports. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Truist Financial upped their target price on 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, Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2,100.00.

Insider Buying and Selling at Markel Group

In related news, CEO Simon Wilson sold 75 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the sale, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the transaction, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This trade represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,575 shares of company stock valued at $3,330,900 over the last quarter. Company insiders own 1.66% of the company’s stock.

Markel Group Stock Performance

Markel Group stock opened at $2,060.89 on Monday. The company has a 50 day moving average price of $2,104.99 and a 200-day moving average price of $2,012.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The company has a market capitalization of $25.99 billion, a PE ratio of 12.14 and a beta of 0.79.

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.