Markel Group Inc. $MKL Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 121.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,853 shares of the insurance provider’s stock after purchasing an additional 1,563 shares during the quarter. Osaic Holdings Inc.’s holdings in Markel Group were worth $5,705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Markel Group by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,167,813 shares of the insurance provider’s stock worth $2,332,543,000 after acquiring an additional 9,303 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Markel Group by 0.7% during the second quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock worth $408,364,000 after purchasing an additional 1,383 shares in the last quarter. Norges Bank purchased a new stake in shares of Markel Group in the 2nd quarter valued at about $288,361,000. Finally, Epoch Investment Partners Inc. boosted its position in shares of Markel Group by 5.8% in the 2nd quarter. Epoch Investment Partners Inc. now owns 114,263 shares of the insurance provider’s stock valued at $228,224,000 after purchasing an additional 6,244 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Up 0.6%

Markel Group stock opened at $2,180.60 on Tuesday. The stock has a 50 day moving average of $2,024.91 and a two-hundred day moving average of $1,981.75. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,194.31. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 13.65 and a beta of 0.81. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping the consensus estimate of $22.77 by $8.13. Markel Group had a return on equity of 7.76% and a net margin of 12.99%.The business had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.77 billion. As a group, research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 15th. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,025.00.

Insiders Place Their Bets

In other news, CEO Simon Wilson sold 75 shares of the firm’s 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 in the company, valued at approximately $3,669,103.80. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the transaction, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,575 shares of company stock valued at $3,330,900. 1.66% of the stock is owned by insiders.

About Markel Group

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.