Vanguard Group Inc. Grows Stock Position in Markel Group Inc. $MKL

Vanguard Group Inc. increased its holdings in Markel Group Inc. (NYSE:MKL) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,172,997 shares of the insurance provider’s stock after buying an additional 5,184 shares during the quarter. Vanguard Group Inc. owned 0.09% of Markel Group worth $2,242,020,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S grew its position in Markel Group by 172.8% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock valued at $3,217,000 after acquiring an additional 1,066 shares during the last quarter. Principal Financial Group Inc. increased its stake in Markel Group by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after buying an additional 9,496 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Markel Group in the 3rd quarter valued at about $2,104,000. Osaic Holdings Inc. grew its stake in Markel Group by 121.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock worth $5,705,000 after acquiring an additional 1,563 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Markel Group during the third quarter worth approximately $46,738,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Steven A. Markel sold 1,330 shares of the stock in a transaction on 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 of the company’s stock, valued at $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Simon Wilson sold 75 shares of the stock in a transaction on 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 owned 1,770 shares of the company’s stock, valued at approximately $3,669,103.80. This represents a 4.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,575 shares of company stock valued at $3,330,900 in the last three months. 1.66% of the stock is currently owned by corporate insiders.

Markel Group Price Performance

Shares of MKL opened at $2,071.92 on Friday. The company has a market capitalization of $26.13 billion, a price-to-earnings ratio of 12.21 and a beta of 0.79. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The firm has a 50-day simple moving average of $2,103.83 and a 200-day simple moving average of $2,015.08. 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 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.