Axxcess Wealth Management LLC Has $3.34 Million Holdings in Markel Group Inc. $MKL

Axxcess Wealth Management LLC grew its holdings in shares of Markel Group Inc. (NYSE:MKL) by 77.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,552 shares of the insurance provider’s stock after acquiring an additional 679 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Markel Group were worth $3,336,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Canerector Inc. raised its stake in Markel Group by 191,036.0% during the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after acquiring an additional 10,698,016 shares in the last quarter. Vanguard Group Inc. raised its stake in Markel Group by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock worth $2,242,020,000 after acquiring an additional 5,184 shares in the last quarter. Principal Financial Group Inc. raised its stake in Markel Group by 1.8% during the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after acquiring an additional 9,496 shares in the last quarter. Davis Selected Advisers raised its stake in Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after acquiring an additional 41,632 shares in the last quarter. Finally, Select Equity Group L.P. raised its stake in Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after acquiring an additional 145,146 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity

In other news, CEO Simon Wilson sold 100 shares of the business’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 approximately $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Diane Leopold purchased 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The shares were purchased at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the acquisition, the director owned 550 shares of the company’s stock, valued at approximately $984,054.50. The trade was a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of several research analyst reports. Brean Capital initiated coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price for the company. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Truist Financial lowered their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Stock Performance

NYSE:MKL opened at $1,859.46 on Monday. The stock has a market cap of $23.26 billion, a P/E ratio of 13.40 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average is $1,892.47 and its 200-day moving average is $2,013.16. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Equities research analysts anticipate that Markel Group Inc. will post 111.93 earnings per share for the current year.

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.