Fifth Third Bancorp Acquires 1,347 Shares of Markel Group Inc. $MKL

Fifth Third Bancorp lifted its holdings in Markel Group Inc. (NYSE:MKL) by 690.8% during the 1st quarter, HoldingsChannel reports. The fund owned 1,542 shares of the insurance provider’s stock after acquiring an additional 1,347 shares during the quarter. Fifth Third Bancorp’s holdings in Markel Group were worth $2,950,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Davis Selected Advisers raised its stake in Markel Group by 11.1% in the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the period. State Street Corp raised its position in shares of Markel Group by 2.1% in the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock valued at $581,818,000 after buying an additional 6,160 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Markel Group by 2.4% in the fourth quarter. DAVENPORT & Co LLC now owns 209,999 shares of the insurance provider’s stock valued at $452,365,000 after buying an additional 4,972 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Markel Group by 13.0% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after buying an additional 23,631 shares during the period. 77.12% of the stock is owned by institutional investors.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane Leopold purchased 100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the acquisition, the director directly owned 2,190 shares in the company, valued at $3,925,815.90. The trade was a 4.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.08% of the company’s stock.

Markel Group Stock Up 0.4%

NYSE MKL opened at $1,980.87 on Tuesday. The business has a fifty day moving average price of $1,881.04 and a two-hundred day moving average price of $1,953.87. The stock has a market capitalization of $24.78 billion, a PE ratio of 14.27 and a beta of 0.66. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. 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 issued its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) 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 business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. Equities analysts expect that Markel Group Inc. will post 114.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.