Geode Capital Management LLC Sells 351 Shares of Markel Group Inc. $MKL

Geode Capital Management LLC lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 224,964 shares of the insurance provider’s stock after selling 351 shares during the period. Geode Capital Management LLC’s holdings in Markel Group were worth $482,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MKL. Valley National Advisers Inc. bought a new position in shares of Markel Group during the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Markel Group during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new position in shares of Markel Group during the 4th quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Markel Group by 183.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock worth $37,000 after buying an additional 11 shares during the period. Finally, Kelleher Financial Advisors bought a new position in shares of Markel Group during the 3rd quarter worth approximately $38,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MKL. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Truist Financial reduced their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2,025.00.

Insiders Place Their Bets

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

Markel Group Price Performance

Markel Group stock opened at $1,820.95 on Monday. 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 firm has a market cap of $22.78 billion, a P/E ratio of 13.12 and a beta of 0.67. The business’s fifty day moving average is $1,882.79 and its two-hundred day moving average is $2,007.16. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Equities research analysts forecast that Markel Group Inc. will post 113.55 earnings per share for the current fiscal 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.