Corient Private Wealth LLC Acquires 287 Shares of Markel Group Inc. $MKL

Corient Private Wealth LLC lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,604 shares of the insurance provider’s stock after buying an additional 287 shares during the period. Corient Private Wealth LLC’s holdings in Markel Group were worth $7,747,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Canerector Inc. increased its position in shares of Markel Group by 191,036.0% during the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after purchasing an additional 10,698,016 shares during the last quarter. Norges Bank acquired a new stake in shares of Markel Group in the 4th quarter valued at approximately $317,583,000. Select Equity Group L.P. boosted its holdings in shares of Markel Group by 75.9% in the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after buying an additional 145,146 shares during the last quarter. Davis Selected Advisers grew its stake in shares of Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after buying an additional 41,632 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Markel Group by 3,235.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after buying an additional 24,557 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,900.97 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $23.78 billion, a P/E ratio of 13.70 and a beta of 0.67. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The stock has a 50 day moving average of $1,857.69 and a 200-day moving average of $1,978.42.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share 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 business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. As a group, equities research analysts predict that Markel Group Inc. will post 113.55 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on MKL. Truist Financial dropped their price target 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. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Brean Capital assumed coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $2,025.00.

Insider Activity

In related news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction 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. The trade was a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Diane Leopold bought 100 shares of Markel Group stock in a transaction that occurred on 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 acquisition, 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 disclosure for this purchase is available in the SEC filing. 1.08% of the stock is owned by corporate insiders.

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.