World Investment Advisors Invests $584,000 in Markel Group Inc. $MKL

World Investment Advisors bought a new stake in Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 272 shares of the insurance provider’s stock, valued at approximately $584,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Markel Group in the 4th quarter valued at $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after buying an additional 13 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after buying an additional 3,083 shares during the period. Empowered Funds LLC boosted its stake in shares of Markel Group by 49.1% during the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after buying an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Markel Group during the second quarter worth about $463,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,891.55 on Wednesday. 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 market cap of $23.66 billion, a P/E ratio of 13.63 and a beta of 0.67. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The company has a 50-day moving average price of $1,858.65 and a 200 day moving average price of $1,979.41.

Markel Group (NYSE:MKL) last released its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $26.38 by ($45.28). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Research analysts predict that Markel Group Inc. will post 113.55 earnings per share for the current year.

Insiders Place Their Bets

In other Markel Group news, Director Diane Leopold acquired 100 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the acquisition, the director directly owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the topic of several recent research reports. Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Truist Financial dropped their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Finally, Brean Capital started coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus target price 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.