Markel Group Inc. $MKL Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 27.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,645 shares of the insurance provider’s stock after selling 2,843 shares during the quarter. Blair William & Co. IL’s holdings in Markel Group were worth $14,612,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Markel Group during the fourth quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 13 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Markel Group by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after purchasing an additional 3,083 shares during the period. Empowered Funds LLC grew its stake in Markel Group by 49.1% during the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after buying an additional 137 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Markel Group by 38.9% during the 2nd quarter. Assetmark Inc. now owns 50 shares of the insurance provider’s stock worth $100,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,983.75 on Monday. The company has a market cap of $24.96 billion, a P/E ratio of 11.69 and a beta of 0.77. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59. The company has a 50-day moving average price of $2,078.10 and a 200 day moving average price of $2,025.12. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction dated 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 completion of the sale, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the sale, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Truist Financial increased their price target on 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2,100.00.

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.