Bessemer Group Inc. Sells 374 Shares of Markel Group Inc. $MKL

Bessemer Group Inc. cut its holdings in Markel Group Inc. (NYSE:MKL) by 21.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,352 shares of the insurance provider’s stock after selling 374 shares during the quarter. Bessemer Group Inc.’s holdings in Markel Group were worth $2,588,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Markel Group by 13.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after purchasing an additional 11,439 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Markel Group by 6.2% in 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 buying an additional 732 shares during the last quarter. Ervin Investment Management LLC increased its stake in shares of Markel Group by 259.2% in the 4th quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock valued at $19,583,000 after buying an additional 6,574 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of Markel Group by 77.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after buying an additional 679 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after acquiring an additional 24,557 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. 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 objective for the company. Truist Financial cut their target price 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. Wolfe Research started coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Finally, Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Markel Group currently has a consensus rating of “Reduce” and a consensus target price of $2,025.00.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 76 shares of the company’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 value of $140,395.56. Following the completion of the sale, the director owned 645 shares of the company’s stock, 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 the SEC website. Also, Director Diane Leopold bought 50 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the acquisition, the director owned 550 shares of the company’s stock, valued at approximately $984,054.50. This trade represents a 10.00% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.08% of the company’s stock.

Markel Group Stock Down 0.9%

Shares of Markel Group stock opened at $1,960.62 on Wednesday. The business has a fifty day simple moving average of $1,883.55 and a 200 day simple moving average of $1,952.53. The stock has a market cap of $24.53 billion, a PE ratio of 14.13 and a beta of 0.66. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59.

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 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 company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Research analysts predict that Markel Group Inc. will post 114.11 EPS for the current 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.