Candriam S.C.A. Buys 393 Shares of Markel Group Inc. $MKL

Candriam S.C.A. lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 31.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,642 shares of the insurance provider’s stock after acquiring an additional 393 shares during the period. Candriam S.C.A.’s holdings in Markel Group were worth $3,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Markel Group by 13.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after acquiring an additional 11,439 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Markel Group by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after purchasing an additional 732 shares during the last quarter. Ervin Investment Management LLC increased its holdings in Markel Group by 259.2% during the 4th quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock worth $19,583,000 after purchasing an additional 6,574 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after purchasing an additional 679 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after purchasing an additional 24,557 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Greta J. Harris sold 76 shares of the firm’s 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 transaction of $140,395.56. Following the completion of the sale, the director owned 645 shares in the company, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Diane Leopold purchased 50 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the purchase, the director owned 550 shares in the company, valued at $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Markel Group Stock Up 0.7%

MKL stock opened at $1,964.23 on Tuesday. The stock has a market cap of $24.57 billion, a P/E ratio of 14.15 and a beta of 0.66. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $1,865.42 and its two-hundred day simple moving average is $1,961.83. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59.

Markel Group (NYSE:MKL) last announced its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $26.38 by ($45.28). The business had revenue of $3.55 billion for 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 expect that Markel Group Inc. will post 114.11 EPS for the current year.

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.