Hsbc Holdings PLC Has $39.90 Million Holdings in Markel Group Inc. $MKL

Hsbc Holdings PLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 36.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,554 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the period. Hsbc Holdings PLC’s holdings in Markel Group were worth $39,900,000 as of its most recent filing with the Securities and Exchange Commission.

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

Markel Group Price Performance

NYSE:MKL opened at $1,977.21 on Tuesday. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company has a market cap of $24.73 billion, a P/E ratio of 14.25 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50-day simple moving average is $1,854.60 and its 200 day simple moving average is $1,969.32.

Markel Group (NYSE:MKL) last issued 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). The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, sell-side analysts forecast that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on MKL shares. Wolfe Research initiated coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. 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 research report on Thursday, April 30th. Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Brean Capital initiated coverage on Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $2,025.00.

Insider Activity at Markel Group

In related news, Director Diane Leopold acquired 50 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the acquisition, the director owned 550 shares in the company, valued at $984,054.50. This 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 link. Also, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.08% of the company’s stock.

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.