CI Investments Inc. Has $6.35 Million Stake in Markel Group Inc. $MKL

CI Investments Inc. reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,323 shares of the insurance provider’s stock after selling 808 shares during the period. CI Investments Inc.’s holdings in Markel Group were worth $6,351,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Clearstead Trust LLC raised its stake in shares of Markel Group by 180.0% in the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 9 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Markel Group during the third quarter valued at approximately $38,000. Hemington Wealth Management raised 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 purchasing an additional 6 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted 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 buying an additional 19 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in shares of Markel Group during the 3rd quarter worth $54,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MKL shares. Truist Financial lifted their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2,100.00.

Markel Group Stock Down 0.1%

NYSE MKL opened at $2,036.97 on Thursday. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The stock has a market cap of $25.63 billion, a PE ratio of 12.00 and a beta of 0.77. The firm has a 50-day simple moving average of $2,085.33 and a 200 day simple moving average of $2,023.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 0.63.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the sale, the director owned 60,368 shares in the company, valued at $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. This trade represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.66% of the stock is owned by company insiders.

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.