Denali Advisors LLC Has $807,000 Stock Holdings in Markel Group Inc. $MKL

Denali Advisors LLC increased its position in shares of Markel Group Inc. (NYSE:MKL) by 199.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 422 shares of the insurance provider’s stock after buying an additional 281 shares during the quarter. Denali Advisors LLC’s holdings in Markel Group were worth $807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKL. BI Asset Management Fondsmaeglerselskab A S grew its position in Markel Group by 172.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock valued at $3,217,000 after buying an additional 1,066 shares during the period. Principal Financial Group Inc. grew its position in shares of Markel Group by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after acquiring an additional 9,496 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Markel Group during the 3rd quarter valued at about $2,104,000. Osaic Holdings Inc. increased its stake in shares of Markel Group by 121.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock valued at $5,705,000 after purchasing an additional 1,563 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in Markel Group in the 3rd quarter worth about $46,738,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Finally, Truist Financial boosted their price target on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2,100.00.

Markel Group Stock Performance

Shares of Markel Group stock opened at $2,060.89 on Tuesday. The business’s 50 day moving average price is $2,104.90 and its 200 day moving average price is $2,013.21. The company has a market cap of $25.99 billion, a price-to-earnings ratio of 12.14 and a beta of 0.79. 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 Inc. has a one year low of $1,621.89 and a one year high of $2,207.59.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction on 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 sale, the director owned 60,368 shares in the company, valued at $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction dated 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 owned 1,770 shares in the company, valued at approximately $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. Insiders sold 1,575 shares of company stock worth $3,330,900 over the last quarter. 1.66% of the stock is currently owned by insiders.

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.