402 Shares in Markel Group Inc. $MKL Acquired by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 402 shares of the insurance provider’s stock, valued at approximately $769,000.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. Diversify Advisory Services LLC increased its stake in shares of Markel Group by 4.5% in the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 5 shares during the period. Keybank National Association OH lifted its position in Markel Group by 0.7% during the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after purchasing an additional 5 shares during the period. Wellington Shields & Co. LLC lifted its position in Markel Group by 3.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 5 shares during the period. Root Financial Partners LLC boosted its holdings in Markel Group by 13.9% in the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 5 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Markel Group by 4.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 5 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MKL shares. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Brean Capital initiated coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Wolfe Research began coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. Finally, Truist Financial decreased their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $2,025.00.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,959.41 on Friday. The business has a 50 day simple moving average of $1,875.01 and a two-hundred day simple moving average of $1,956.79. 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 market capitalization of $24.51 billion, a P/E ratio of 14.12 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 (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). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.66 billion. As a group, analysts predict that Markel Group Inc. will post 114.11 EPS for the current fiscal year.

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on 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 $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane Leopold bought 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.08% of the company’s stock.

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.