Clearstead Advisors LLC Cuts Stock Position in Markel Group Inc. $MKL

Clearstead Advisors LLC cut its stake in shares of Markel Group Inc. (NYSE:MKL) by 37.6% in the third quarter, HoldingsChannel.com reports. The fund owned 1,849 shares of the insurance provider’s stock after selling 1,112 shares during the period. Clearstead Advisors LLC’s holdings in Markel Group were worth $3,534,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC raised its position in shares of Markel Group by 4.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 6 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of Markel Group by 3.4% during the second quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock valued at $352,000 after acquiring an additional 6 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Markel Group by 1.8% during the second quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock valued at $692,000 after acquiring an additional 6 shares during the last quarter. East Coast Asset Management LLC. lifted its position in shares of Markel Group by 0.3% in the second quarter. East Coast Asset Management LLC. now owns 2,170 shares of the insurance provider’s stock valued at $4,334,000 after acquiring an additional 6 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Markel Group by 5.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 1,500 shares of company stock worth $3,175,430. 1.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MKL. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Truist Financial increased their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Finally, Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two equities research 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 currently has an average rating of “Hold” and an average target price of $2,100.00.

Markel Group Trading Down 0.9%

NYSE:MKL opened at $2,064.16 on Tuesday. 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 company’s 50 day moving average is $2,100.32 and its 200-day moving average is $2,018.15. The firm has a market cap of $26.03 billion, a price-to-earnings ratio of 12.16 and a beta of 0.79. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59.

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.