American Century Companies Inc. Has $43.03 Million Stock Position in Markel Group Inc. $MKL

American Century Companies Inc. cut its holdings in Markel Group Inc. (NYSE:MKL) by 15.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,511 shares of the insurance provider’s stock after selling 4,016 shares during the quarter. American Century Companies Inc. owned approximately 0.18% of Markel Group worth $43,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MKL. Clearstead Trust LLC lifted its holdings in shares of Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 9 shares during the last quarter. GoalVest Advisory LLC bought a new stake in shares of Markel Group during the 3rd quarter valued at approximately $38,000. Hemington Wealth Management increased its position in Markel Group by 35.3% during the 3rd quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Markel Group by 316.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 19 shares in the last quarter. Finally, State of Wyoming lifted its stake in Markel Group by 35.0% in the 2nd quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 7 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In other news, Director Steven A. Markel sold 1,330 shares of the firm’s 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 transaction of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This trade represents a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Simon Wilson sold 100 shares of Markel Group 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 owned 2,397 shares of the company’s stock, valued at $4,984,513.56. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. 1.66% of the stock is currently owned by corporate insiders.

Markel Group Trading Down 1.8%

NYSE MKL opened at $1,983.75 on Friday. The stock has a market capitalization of $24.96 billion, a P/E ratio of 11.69 and a beta of 0.77. The business has a 50 day simple moving average of $2,078.10 and a 200 day simple moving average of $2,024.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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 reiterated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Finally, Truist Financial raised their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $2,100.00.

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.