Blair William & Co. IL Cuts Stock Position in Markel Group Inc. $MKL

Blair William & Co. IL trimmed its position in shares of Markel Group Inc. (NYSE:MKL) by 27.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,645 shares of the insurance provider’s stock after selling 2,843 shares during the quarter. Blair William & Co. IL owned 0.06% of Markel Group worth $14,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC boosted its stake 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 valued at $28,000 after purchasing an additional 9 shares during the period. GoalVest Advisory LLC purchased a new stake in Markel Group during the 3rd quarter worth approximately $38,000. Hemington Wealth Management lifted its holdings 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 buying an additional 6 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 buying an additional 19 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in Markel Group in the 3rd quarter valued at approximately $54,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Down 1.8%

Shares of Markel Group stock opened at $1,983.75 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. 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 market capitalization of $24.96 billion, a P/E ratio of 11.69 and a beta of 0.77. The company has a 50 day moving average of $2,078.10 and a 200 day moving average of $2,025.12.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction dated 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 directly owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate 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.