Citadel Investment Advisory Inc. Sells 377 Shares of Markel Group Inc. $MKL

Citadel Investment Advisory Inc. trimmed its position in shares of Markel Group Inc. (NYSE:MKL) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,242 shares of the insurance provider’s stock after selling 377 shares during the period. Markel Group accounts for approximately 13.9% of Citadel Investment Advisory Inc.’s holdings, making the stock its 2nd biggest position. Citadel Investment Advisory Inc. owned approximately 0.12% of Markel Group worth $29,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. bought a new stake in shares of Markel Group during the fourth quarter valued at approximately $25,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Markel Group during the fourth quarter worth approximately $26,000. Reflection Asset Management bought a new position in Markel Group in the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in Markel Group in the 3rd quarter worth approximately $29,000. Finally, V Square Quantitative Management LLC acquired a new stake in Markel Group in the 4th quarter valued at approximately $32,000. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Brean Capital began coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. Truist Financial lowered their price target 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. Finally, Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2,025.00.

Insider Transactions at Markel Group

In other news, Director Diane Leopold bought 100 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the acquisition, the director directly owned 2,190 shares in the company, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was 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 in the company, valued at approximately $1,191,514.95. This trade represents 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 insiders.

Markel Group Price Performance

NYSE MKL opened at $1,852.40 on Monday. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The firm has a market capitalization of $23.17 billion, a PE ratio of 13.35 and a beta of 0.67. The company’s 50 day simple moving average is $1,861.24 and its 200 day simple moving average is $1,981.99. 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 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). 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 analyst estimates of $3.66 billion. As a group, equities research analysts forecast that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

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.