Anchor Capital Advisors LLC Has $70.77 Million Holdings in Markel Group Inc. $MKL

Anchor Capital Advisors LLC lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,922 shares of the insurance provider’s stock after selling 927 shares during the quarter. Markel Group comprises 2.0% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Anchor Capital Advisors LLC’s holdings in Markel Group were worth $70,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in shares of Markel Group in the 4th quarter worth $25,000. Fideuram Asset Management Ireland dac bought a new stake in Markel Group during the 4th quarter valued at $26,000. V Square Quantitative Management LLC acquired a new position in Markel Group during the fourth quarter worth $32,000. Basepoint Wealth LLC bought a new position in shares of Markel Group in the fourth quarter valued at $32,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Markel Group in the 3rd quarter valued at about $29,000. 77.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Markel Group

In other Markel Group news, Director Diane Leopold purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the purchase, the director owned 2,190 shares of the company’s stock, valued at $3,925,815.90. This represents a 4.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the sale, the director owned 645 shares in the company, valued at $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.08% of the stock is owned by company insiders.

Markel Group Stock Down 0.1%

Markel Group stock opened at $1,787.23 on Wednesday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $1,880.99 and a 200-day moving average price of $2,005.27. The company has a market capitalization of $22.36 billion, a P/E ratio of 12.88 and a beta of 0.67.

Markel Group (NYSE:MKL) last released its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.66 billion. As a group, equities analysts predict that Markel Group Inc. will post 113.55 EPS for the current year.

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.