Teacher Retirement System of Texas Sells 5,604 Shares of Markel Group Inc. $MKL

Teacher Retirement System of Texas lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 52.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,110 shares of the insurance provider’s stock after selling 5,604 shares during the period. Teacher Retirement System of Texas’ holdings in Markel Group were worth $9,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. LGT Fund Management Co Ltd. purchased a new stake in shares of Markel Group in the 2nd quarter valued at about $793,000. Osaic Holdings Inc. increased its position in shares of Markel Group by 121.2% in the second quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock worth $5,705,000 after purchasing an additional 1,563 shares during the last quarter. OLD National Bancorp IN purchased a new stake in Markel Group in the second quarter valued at approximately $310,000. Rakuten Investment Management Inc. purchased a new stake in Markel Group in the third quarter valued at approximately $46,738,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Markel Group by 5.3% during the second quarter. Nomura Asset Management Co. Ltd. now owns 4,017 shares of the insurance provider’s stock valued at $8,023,000 after purchasing an additional 203 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Down 1.0%

Shares of MKL opened at $2,025.71 on Monday. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The firm has a market cap of $25.54 billion, a price-to-earnings ratio of 12.68 and a beta of 0.80. The firm has a 50 day moving average price of $2,105.42 and a 200-day moving average price of $2,007.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60.

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

Insider Activity

In related news, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction that occurred on 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 directly owned 60,368 shares in the company, valued at $127,927,036.16. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the transaction, the chief executive officer directly owned 1,770 shares in the company, valued at $3,669,103.80. This trade represents a 4.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,575 shares of company stock worth $3,330,900. Company insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MKL. Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, TD Cowen reissued a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average target price of $2,025.00.

Markel Group Company 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.