California Public Employees Retirement System Has $76.39 Million Position in Markel Group Inc. $MKL

California Public Employees Retirement System lessened its position in shares of Markel Group Inc. (NYSE:MKL) by 16.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,966 shares of the insurance provider’s stock after selling 7,692 shares during the period. California Public Employees Retirement System owned approximately 0.32% of Markel Group worth $76,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Markel Group during the fourth quarter valued at approximately $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Markel Group by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 13 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 in the last quarter. Empowered Funds LLC boosted its holdings in shares of Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after purchasing an additional 137 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Markel Group by 38.3% in the 2nd quarter. Allworth Financial LP now owns 166 shares of the insurance provider’s stock valued at $332,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,956.11 on Tuesday. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 11.52 and a beta of 0.77. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The company’s fifty day moving average is $2,053.75 and its 200 day moving average is $2,024.61. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MKL. Truist Financial boosted 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. Wall Street Zen raised Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Markel Group has a consensus rating of “Hold” and an average price target of $2,100.00.

Insider Buying and Selling

In other Markel Group news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the sale, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.66% of the company’s stock.

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.