CenterBook Partners LP Cuts Holdings in Markel Group Inc. $MKL

CenterBook Partners LP lessened its stake in Markel Group Inc. (NYSE:MKL) by 53.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 446 shares of the insurance provider’s stock after selling 505 shares during the quarter. CenterBook Partners LP’s holdings in Markel Group were worth $959,000 as of its most recent filing with the SEC.

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

Insider Activity at Markel Group

In other news, Director Diane Leopold acquired 100 shares of Markel Group stock in a transaction on Wednesday, May 6th. The stock was bought at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the purchase, the director owned 2,190 shares in the company, valued at $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Greta J. Harris sold 76 shares of the 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 value of $140,395.56. Following the completion of the sale, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.08% of the company’s stock.

Markel Group Stock Performance

Shares of MKL stock opened at $1,819.46 on Thursday. The stock’s 50-day moving average is $1,868.89 and its two-hundred day moving average is $1,992.47. The firm has a market cap of $22.76 billion, a price-to-earnings ratio of 13.11 and a beta of 0.67. 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 debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63.

Markel Group (NYSE:MKL) last posted its 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 during the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. Analysts predict that Markel Group Inc. will post 113.55 earnings per share for the current year.

Analysts Set New Price Targets

MKL has been the subject of several recent analyst reports. 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 for the company. Truist Financial dropped their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2,025.00.

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.