Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Markel Group Inc. (NYSE:MKL – Free Report) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,861 shares of the insurance provider’s stock after acquiring an additional 312 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Markel Group worth $13,114,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of MKL. Select Equity Group L.P. lifted its stake in Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Norges Bank bought a new stake in shares of Markel Group in the second quarter valued at $288,361,000. Vanguard Group Inc. grew its stake in shares of 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 during the period. Amundi grew its stake in shares of Markel Group by 51.3% during the 2nd quarter. Amundi now owns 26,620 shares of the insurance provider’s stock worth $52,222,000 after acquiring an additional 9,021 shares during the period. Finally, Tran Capital Management L.P. increased its holdings in Markel Group by 2,962.0% in the 3rd quarter. Tran Capital Management L.P. now owns 8,298 shares of the insurance provider’s stock worth $15,860,000 after acquiring an additional 8,027 shares during the last quarter. 77.12% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on MKL shares. Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. TD Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $2,025.00.
Insiders Place Their Bets
In related news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction on Tuesday, November 25th. The stock was 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 owned 1,770 shares of the company’s stock, valued at approximately $3,669,103.80. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,818,429.60. Following the transaction, the director owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,575 shares of company stock worth $3,330,900 in the last quarter. 1.66% of the stock is currently owned by company insiders.
Markel Group Trading Down 1.0%
Shares of MKL opened at $2,025.71 on Friday. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The stock has a market cap of $25.54 billion, a PE ratio of 12.68 and a beta of 0.80. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $2,105.42 and its 200-day moving average price is $2,007.63.
Markel Group (NYSE:MKL – Get Free Report) last posted its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.76%. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. On average, equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.
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.
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