Manitou Investment Management Ltd. Buys 600 Shares of Markel Group Inc. $MKL

Manitou Investment Management Ltd. raised its stake in Markel Group Inc. (NYSE:MKL) by 111.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,140 shares of the insurance provider’s stock after acquiring an additional 600 shares during the quarter. Markel Group comprises approximately 0.4% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 16th biggest holding. Manitou Investment Management Ltd.’s holdings in Markel Group were worth $2,179,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MKL. Clearstead Trust LLC grew its stake in shares of Markel Group by 180.0% during the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 9 shares during the last quarter. Chilton Capital Management LLC acquired a new position in Markel Group during the 2nd quarter worth $32,000. Ameritas Advisory Services LLC bought a new position in Markel Group in the 2nd quarter valued at $38,000. State of Wyoming increased its stake in shares of Markel Group by 35.0% in the 2nd quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock valued at $54,000 after buying an additional 7 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Markel Group in the 1st quarter valued at $64,000. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Down 0.1%

NYSE MKL opened at $2,181.66 on Friday. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The stock has a 50-day simple moving average of $2,046.72 and a 200 day simple moving average of $1,988.17. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $27.51 billion, a PE ratio of 13.66 and a beta of 0.81.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MKL shares. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Zacks Research raised Markel Group from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,025.00.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the transaction, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Simon Wilson sold 75 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the sale, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. The trade was a 4.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,575 shares of company stock worth $3,330,900 in the last three months. 1.66% of the stock is owned by insiders.

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.