Caxton Associates LLP Purchases New Shares in Markel Group Inc. $MKL

Caxton Associates LLP acquired a new position in shares of Markel Group Inc. (NYSE:MKL) in the first quarter, Holdings Channel reports. The fund acquired 306 shares of the insurance provider’s stock, valued at approximately $586,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Markel Group by 13.2% during 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 buying an additional 11,439 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Markel Group by 6.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after purchasing an additional 732 shares during the last quarter. Ervin Investment Management LLC lifted its position in Markel Group by 259.2% during the fourth quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock worth $19,583,000 after buying an additional 6,574 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 679 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in 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 purchasing an additional 24,557 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $2,016.25 on Tuesday. The company has a market cap of $25.22 billion, a PE ratio of 14.53 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick 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. The firm has a fifty day moving average price of $1,894.27 and a two-hundred day moving average price of $1,947.99.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.66 billion. Analysts expect that Markel Group Inc. will post 114.11 EPS for the current year.

Insider Activity

In other news, Director Diane Leopold purchased 100 shares of Markel Group stock in a transaction dated Wednesday, May 6th. The shares were bought at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the transaction, the director directly owned 2,190 shares in the company, valued at $3,925,815.90. This trade represents a 4.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greta J. Harris sold 76 shares of the 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 transaction, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. The trade was 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MKL shares. Truist Financial dropped their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating for the company. Weiss Ratings downgraded Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $2,025.00.

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.