JPMorgan Chase & Co. Raises Stake in Markel Group Inc. $MKL

JPMorgan Chase & Co. boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 7.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,724 shares of the insurance provider’s stock after purchasing an additional 1,193 shares during the period. JPMorgan Chase & Co.’s holdings in Markel Group were worth $31,966,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in MKL. Measured Wealth Private Client Group LLC purchased a new position in Markel Group in the third quarter valued at about $29,000. GoalVest Advisory LLC purchased a new stake in shares of Markel Group during the 3rd quarter worth approximately $38,000. Kelleher Financial Advisors bought a new stake in shares of Markel Group in the 3rd quarter worth approximately $38,000. Hemington Wealth Management raised its holdings in shares of Markel Group by 35.3% in the 3rd quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 6 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Markel Group by 53.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 23 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the subject of several research reports. Wall Street Zen raised Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. 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 research note on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. 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.com, the company has a consensus rating of “Hold” and a consensus target price of $2,100.00.

Markel Group Stock Down 0.2%

MKL opened at $1,876.99 on Monday. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The company has a market cap of $23.61 billion, a PE ratio of 11.06 and a beta of 0.77. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $2,035.32 and a 200 day moving average of $2,023.35.

Insider Activity

In other news, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at $4,984,513.56. This trade represents a 4.00% 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. 1.66% of the stock is currently owned by corporate insiders.

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.