Hunting Hill Global Capital LLC Grows Stock Holdings in Markel Group Inc. $MKL

Hunting Hill Global Capital LLC raised its position in shares of Markel Group Inc. (NYSE:MKL) by 146.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 492 shares of the insurance provider’s stock after buying an additional 292 shares during the quarter. Markel Group comprises about 0.7% of Hunting Hill Global Capital LLC’s investment portfolio, making the stock its 24th largest holding. Hunting Hill Global Capital LLC’s holdings in Markel Group were worth $1,058,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. purchased a new stake in shares of Markel Group during the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Markel Group during the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Markel Group during the third quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Markel Group during the fourth quarter valued at about $32,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Markel Group during the fourth quarter valued at about $32,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Diane Leopold purchased 100 shares of Markel Group stock in a transaction on Wednesday, May 6th. The shares were acquired at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the transaction, the director directly owned 2,190 shares in the company, valued at $3,925,815.90. The trade was a 4.78% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.08% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,868.07 on Thursday. The firm has a market capitalization of $23.37 billion, a P/E ratio of 13.46 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $1,864.28 and a 200 day moving average price of $1,985.16. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Sell-side analysts expect that Markel Group Inc. will post 113.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Brean Capital assumed coverage on shares of Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective for the company. 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. Finally, Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Markel Group 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.