Assenagon Asset Management S.A. Sells 4,932 Shares of Markel Group Inc. $MKL

Assenagon Asset Management S.A. trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 59.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,413 shares of the insurance provider’s stock after selling 4,932 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Markel Group were worth $6,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MKL. Clearstead Trust LLC grew its stake in shares of Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 9 shares during the period. Chilton Capital Management LLC bought a new position in Markel Group during the second quarter valued at approximately $32,000. Ameritas Advisory Services LLC purchased a new stake in Markel Group in the second quarter worth approximately $38,000. State of Wyoming grew its position in Markel Group by 35.0% in the 2nd quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 7 shares during the period. Finally, Ransom Advisory Ltd purchased a new stake in Markel Group during the 1st quarter valued at $64,000. Institutional investors own 77.12% of the company’s stock.

Insider Activity at Markel Group

In other Markel Group news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer owned 1,770 shares of the company’s stock, valued at $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the sale, the director directly owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,575 shares of company stock worth $3,330,900 in the last ninety days. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 15th. Cowen reissued a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,025.00.

Markel Group Stock Performance

NYSE:MKL opened at $2,168.96 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50-day simple moving average of $2,019.91 and a two-hundred day simple moving average of $1,980.02. The firm has a market capitalization of $27.35 billion, a PE ratio of 13.58 and a beta of 0.81. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,194.31.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Markel Group had a return on equity of 7.76% and a net margin of 12.99%. Analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

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.