Atlantic Union Bankshares Corp Buys Shares of 1,101 Markel Group Inc. $MKL

Atlantic Union Bankshares Corp purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,101 shares of the insurance provider’s stock, valued at approximately $2,104,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Markel Group by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,167,813 shares of the insurance provider’s stock worth $2,332,543,000 after buying an additional 9,303 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Markel Group by 1.8% during the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after acquiring an additional 9,496 shares during the period. Select Equity Group L.P. raised its stake in shares of Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after acquiring an additional 145,146 shares in the last quarter. Norges Bank acquired a new stake in shares of Markel Group in the second quarter valued at $288,361,000. Finally, Epoch Investment Partners Inc. boosted its holdings in Markel Group by 5.8% in the second quarter. Epoch Investment Partners Inc. now owns 114,263 shares of the insurance provider’s stock valued at $228,224,000 after purchasing an additional 6,244 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was 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 of the company’s stock, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the transaction, the director directly owned 60,368 shares in the company, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,575 shares of company stock valued at $3,330,900. 1.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Cowen reaffirmed a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Stock Performance

Shares of MKL opened at $2,035.67 on Wednesday. The company has a market capitalization of $25.67 billion, a price-to-earnings ratio of 12.74 and a beta of 0.79. 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 quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $2,102.27 and a 200 day moving average price of $2,008.92.

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.