Bank of New York Mellon Corp Cuts Holdings in Markel Group Inc. $MKL

Bank of New York Mellon Corp trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 39,062 shares of the insurance provider’s stock after selling 1,419 shares during the quarter. Bank of New York Mellon Corp’s holdings in Markel Group were worth $83,970,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of Markel Group by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 47,385 shares of the insurance provider’s stock worth $101,860,000 after buying an additional 131 shares during the last quarter. Crestmont Private Wealth LLC boosted its stake in shares of Markel Group by 2.0% in the 4th quarter. Crestmont Private Wealth LLC now owns 417 shares of the insurance provider’s stock worth $896,000 after buying an additional 8 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after buying an additional 5 shares during the last quarter. Clear Harbor Asset Management LLC boosted its stake in shares of Markel Group by 1.0% in the 4th quarter. Clear Harbor Asset Management LLC now owns 4,146 shares of the insurance provider’s stock worth $8,912,000 after buying an additional 40 shares during the last quarter. Finally, Elm Partners Management LLC boosted its stake in shares of Markel Group by 16.7% in the 4th quarter. Elm Partners Management LLC now owns 349 shares of the insurance provider’s stock worth $750,000 after buying an additional 50 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

NYSE MKL opened at $1,796.63 on Tuesday. The company has a market capitalization of $22.48 billion, a PE ratio of 12.95 and a beta of 0.67. 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 business’s fifty day moving average is $1,871.22 and its 200 day moving average is $1,995.64. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week 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). 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%. Sell-side analysts predict that Markel Group Inc. will post 113.55 earnings per share for the current year.

Analyst Ratings Changes

MKL has been the topic of a number of research reports. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Brean Capital initiated coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Truist Financial dropped their price target 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. Finally, Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $2,025.00.

Insider Buying and Selling at Markel Group

In related 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 transaction of $140,395.56. Following the transaction, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane Leopold bought 100 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the transaction, the director directly 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.

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.