iA Global Asset Management Inc. Acquires Shares of 258 Markel Group Inc. $MKL

iA Global Asset Management Inc. bought a new position in shares of Markel Group Inc. (NYSE:MKL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 258 shares of the insurance provider’s stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MKL. Baxter Bros Inc. lifted its position in Markel Group by 1.0% during the 2nd quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock worth $1,272,000 after acquiring an additional 6 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Markel Group by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock worth $3,507,000 after purchasing an additional 6 shares during the period. Flagship Harbor Advisors LLC grew its position in Markel Group by 4.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock valued at $270,000 after buying an additional 6 shares during the last quarter. Fidelis Capital Partners LLC increased its stake in Markel Group by 3.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock valued at $352,000 after buying an additional 6 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in Markel Group by 1.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock valued at $692,000 after buying an additional 6 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 1.0%

MKL stock opened at $2,025.71 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $2,105.42 and its 200 day moving average price is $2,007.68. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59. The company has a market cap of $25.54 billion, a P/E ratio of 12.68 and a beta of 0.80.

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

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the business’s 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 sale, the director directly owned 60,368 shares in the company, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Simon Wilson sold 75 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the sale, the chief executive officer directly owned 1,770 shares in the company, valued at $3,669,103.80. This trade represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,575 shares of company stock valued at $3,330,900. 1.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MKL. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Markel Group has an average rating of “Hold” and a consensus price target 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.