CenterBook Partners LP Purchases 478 Shares of Markel Group Inc. $MKL

CenterBook Partners LP raised its position in shares of Markel Group Inc. (NYSE:MKL) by 101.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 951 shares of the insurance provider’s stock after acquiring an additional 478 shares during the period. CenterBook Partners LP’s holdings in Markel Group were worth $1,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC lifted its position in shares of Markel Group by 180.0% during the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 9 shares during the last quarter. Chilton Capital Management LLC bought a new position in Markel Group in the 2nd quarter worth approximately $32,000. GoalVest Advisory LLC acquired a new position in shares of Markel Group during the third quarter worth approximately $38,000. Hemington Wealth Management boosted its position in shares of Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 6 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Markel Group by 316.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 19 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other 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 value of $155,470.50. Following the completion of the transaction, the chief executive officer owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% 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, Director Steven A. Markel sold 1,330 shares of the 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 sale, the director owned 60,368 shares in the company, 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. Over the last 90 days, insiders sold 1,575 shares of company stock worth $3,330,900. Company insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Truist Financial boosted their price target on 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. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2,100.00.

Markel Group Trading Down 0.3%

Shares of MKL opened at $2,064.92 on Friday. 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 stock has a market cap of $26.04 billion, a PE ratio of 12.16 and a beta of 0.79. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,207.59. The stock has a 50 day simple moving average of $2,103.83 and a 200-day simple moving average of $2,015.08.

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.