SG Americas Securities LLC Acquires 2,100 Shares of Markel Group Inc. $MKL

SG Americas Securities LLC increased its holdings in Markel Group Inc. (NYSE:MKL) by 53.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,009 shares of the insurance provider’s stock after purchasing an additional 2,100 shares during the period. SG Americas Securities LLC’s holdings in Markel Group were worth $11,502,000 as of its most recent SEC filing.

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 stake in shares of Markel Group during the fourth quarter valued at approximately $25,000. Fideuram Asset Management Ireland dac bought a new position in shares of Markel Group during the fourth quarter worth $26,000. Reflection Asset Management bought a new position in shares of Markel Group during the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new position in Markel Group during the third quarter valued at $29,000. Finally, V Square Quantitative Management LLC purchased a new position in Markel Group during the fourth quarter valued at $32,000. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Diane Leopold acquired 100 shares of Markel Group stock in a transaction 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 completion of the purchase, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. The trade was a 4.78% 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 currently owned by company insiders.

Markel Group Trading Up 1.8%

Shares of MKL opened at $1,917.83 on Friday. The stock has a market capitalization of $23.99 billion, a PE ratio of 13.82 and a beta of 0.67. The company’s fifty day moving average is $1,854.73 and its 200 day moving average is $1,976.85. 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 Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59.

Markel Group (NYSE:MKL) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.66 billion. Sell-side analysts expect that Markel Group Inc. will post 113.55 earnings per share 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.