National Pension Service Raises Stock Position in Markel Group Inc. $MKL

National Pension Service raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,003 shares of the insurance provider’s stock after purchasing an additional 337 shares during the quarter. National Pension Service owned approximately 0.16% of Markel Group worth $42,999,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Canerector Inc. increased its position in Markel Group by 191,036.0% during the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the period. Vanguard Group Inc. increased its position in Markel Group by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock valued at $2,242,020,000 after purchasing an additional 5,184 shares during the period. Principal Financial Group Inc. increased its position in Markel Group by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after purchasing an additional 9,496 shares during the period. Davis Selected Advisers increased its position in Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after purchasing an additional 41,632 shares during the period. Finally, Select Equity Group L.P. increased its position in Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Brean Capital assumed coverage on shares of Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Truist Financial reduced their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2,025.00.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane Leopold purchased 50 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the purchase, the director owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is owned by corporate insiders.

Markel Group Stock Up 0.3%

NYSE:MKL opened at $1,820.95 on Monday. The firm’s 50-day moving average price is $1,882.79 and its 200-day moving average price is $2,007.16. The company has a market capitalization of $22.78 billion, a PE ratio of 13.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. 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 earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. On average, equities analysts predict that Markel Group Inc. will post 113.55 EPS for the current fiscal 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.