Eurizon Capital SGR S.p.A. Invests $5.01 Million in Markel Group Inc. $MKL

Eurizon Capital SGR S.p.A. bought a new position in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,329 shares of the insurance provider’s stock, valued at approximately $5,009,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Zhang Financial LLC grew its position in Markel Group by 31.9% during the 4th quarter. Zhang Financial LLC now owns 149 shares of the insurance provider’s stock valued at $320,000 after purchasing an additional 36 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in Markel Group during the 4th quarter valued at about $26,000. National Pension Service grew its position in Markel Group by 1.7% during the 4th quarter. National Pension Service now owns 20,003 shares of the insurance provider’s stock valued at $42,999,000 after purchasing an additional 337 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in Markel Group during the 4th quarter valued at about $32,000. Finally, Womack Financial LLC grew its position in Markel Group by 0.6% during the 4th quarter. Womack Financial LLC now owns 1,999 shares of the insurance provider’s stock valued at $4,297,000 after purchasing an additional 11 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the 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 transaction, the director owned 645 shares in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Diane Leopold acquired 50 shares of the stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the purchase, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This trade represents a 10.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.08% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,792.47 on Tuesday. The firm’s 50-day moving average price is $1,880.99 and its 200-day moving average price is $2,005.27. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The company has a market cap of $22.42 billion, a PE ratio of 12.92 and a beta of 0.67. 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 announced its quarterly earnings results 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). The company 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%. As a group, analysts anticipate that Markel Group Inc. will post 113.55 EPS for the current year.

Analyst Ratings Changes

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

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.