Martingale Asset Management L P Has $19.50 Million Holdings in Markel Group Inc. $MKL

Martingale Asset Management L P cut its holdings in shares of Markel Group Inc. (NYSE:MKL) by 26.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,202 shares of the insurance provider’s stock after selling 3,622 shares during the period. Martingale Asset Management L P’s holdings in Markel Group were worth $19,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Douglass Winthrop Advisors LLC boosted its stake in Markel Group by 0.3% in the third quarter. Douglass Winthrop Advisors LLC now owns 84,238 shares of the insurance provider’s stock worth $161,009,000 after purchasing an additional 287 shares in the last quarter. Steginsky Capital LLC increased its stake in shares of Markel Group by 1.3% in the third quarter. Steginsky Capital LLC now owns 40,090 shares of the insurance provider’s stock valued at $76,626,000 after buying an additional 529 shares in the last quarter. UBS Group AG raised its holdings in shares of Markel Group by 19.6% in the third quarter. UBS Group AG now owns 59,326 shares of the insurance provider’s stock valued at $113,393,000 after buying an additional 9,732 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Markel Group by 1.1% in the third quarter. BNP Paribas Financial Markets now owns 5,285 shares of the insurance provider’s stock valued at $10,102,000 after buying an additional 60 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Markel Group by 0.8% during the 3rd quarter. Mackenzie Financial Corp now owns 1,908 shares of the insurance provider’s stock worth $3,647,000 after buying an additional 16 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Down 0.6%

Shares of MKL opened at $1,944.94 on Friday. The stock’s fifty day simple moving average is $2,061.36 and its 200-day simple moving average is $2,023.86. The firm has a market capitalization of $24.47 billion, a PE ratio of 11.46 and a beta of 0.77. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MKL shares. Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Finally, Truist Financial increased 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $2,100.00.

Insiders Place Their Bets

In other Markel Group news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

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.