Denali Advisors LLC Boosts Stake in Markel Group Inc. $MKL

Denali Advisors LLC grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 199.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 422 shares of the insurance provider’s stock after purchasing an additional 281 shares during the period. Denali Advisors LLC’s holdings in Markel Group were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MKL. DekaBank Deutsche Girozentrale lifted its holdings in shares of Markel Group by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock valued at $3,507,000 after purchasing an additional 6 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake 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 in the last quarter. Fidelis Capital Partners LLC grew its holdings in Markel Group by 3.4% during 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 last quarter. TD Waterhouse Canada Inc. grew its holdings in Markel Group by 1.8% during 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 last quarter. Finally, East Coast Asset Management LLC. increased its position in Markel Group by 0.3% during the second quarter. East Coast Asset Management LLC. now owns 2,170 shares of the insurance provider’s stock worth $4,334,000 after buying an additional 6 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MKL has been the topic of several analyst reports. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Truist Financial upped their price objective on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average price target of $2,100.00.

Markel Group Trading Down 1.0%

NYSE MKL opened at $2,060.89 on Tuesday. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 12.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,207.59. The company’s 50 day moving average price is $2,104.90 and its 200 day moving average price is $2,013.21.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 1,330 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the transaction, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Simon Wilson sold 75 shares of the 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,575 shares of company stock valued at $3,330,900. Company insiders own 1.66% of the company’s stock.

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.