BNP Paribas Financial Markets Sells 502 Shares of Markel Group Inc. $MKL

BNP Paribas Financial Markets decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 9.5% during the fourth quarter, Holdings Channel reports. The firm owned 4,783 shares of the insurance provider’s stock after selling 502 shares during the quarter. BNP Paribas Financial Markets’ holdings in Markel Group were worth $10,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Diversify Advisory Services LLC lifted its position in Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 5 shares during the period. Keybank National Association OH lifted its position in Markel Group by 0.7% during the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after purchasing an additional 5 shares during the period. Wellington Shields & Co. LLC lifted its position in Markel Group by 3.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 5 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in Markel Group by 31.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 29 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 7 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Markel Group by 5.9% during the fourth quarter. Park Avenue Securities LLC now owns 125 shares of the insurance provider’s stock valued at $269,000 after purchasing an additional 7 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 1.2%

Shares of MKL opened at $1,796.63 on Tuesday. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The company has a 50-day moving average of $1,871.22 and a 200 day moving average of $1,995.64. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of 12.95 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 (NYSE:MKL) last posted its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. On average, research analysts expect that Markel Group Inc. will post 113.55 EPS for the current year.

Insider Activity

In other Markel Group news, Director Diane Leopold purchased 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the acquisition, the director owned 550 shares in the company, valued at $984,054.50. This trade represents a 10.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction dated 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 completion of the sale, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MKL shares. Brean Capital started 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. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Truist Financial reduced their price objective 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. Finally, Weiss Ratings cut shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Company 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.