Markel Group Inc. $MKL Shares Sold by Check Capital Management Inc. CA

Check Capital Management Inc. CA reduced its holdings in Markel Group Inc. (NYSE:MKL) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 76,886 shares of the insurance provider’s stock after selling 427 shares during the quarter. Markel Group comprises 4.3% of Check Capital Management Inc. CA’s portfolio, making the stock its 4th biggest holding. Check Capital Management Inc. CA owned approximately 0.61% of Markel Group worth $147,166,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Valley National Advisers Inc. bought a new stake in Markel Group during the 4th quarter valued at approximately $25,000. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group in the 4th quarter valued at 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 position in shares of Markel Group during the fourth quarter worth approximately $32,000. 77.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 76 shares of the stock in a transaction on 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 sale, the director owned 645 shares in the company, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diane Leopold bought 100 shares of the stock in a transaction dated Wednesday, May 6th. The stock was acquired at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the purchase, the director owned 2,190 shares of the company’s stock, valued at $3,925,815.90. This represents a 4.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MKL. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered shares of 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 shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price for the company. Wolfe Research began coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Finally, Truist Financial decreased their price target on shares of 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. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Markel Group has an average rating of “Reduce” and an average price target of $2,025.00.

Markel Group Price Performance

Markel Group stock opened at $1,964.23 on Tuesday. The business has a 50 day simple moving average of $1,865.42 and a 200 day simple moving average of $1,961.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $24.57 billion, a PE ratio of 14.15 and a beta of 0.66. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59.

Markel Group (NYSE:MKL) last announced its quarterly 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 firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. On average, sell-side analysts forecast that Markel Group Inc. will post 114.11 EPS 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.