Ervin Investment Management LLC Acquires 6,574 Shares of Markel Group Inc. $MKL

Ervin Investment Management LLC raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 259.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,110 shares of the insurance provider’s stock after buying an additional 6,574 shares during the period. Markel Group comprises 8.8% of Ervin Investment Management LLC’s investment portfolio, making the stock its 3rd largest position. Ervin Investment Management LLC owned 0.07% of Markel Group worth $19,583,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Greenleaf Trust lifted its position in shares of Markel Group by 7.6% during the fourth quarter. Greenleaf Trust now owns 227 shares of the insurance provider’s stock worth $488,000 after purchasing an additional 16 shares in the last quarter. Culbertson A N & Co. Inc. lifted its position in shares of Markel Group by 9.5% during the fourth quarter. Culbertson A N & Co. Inc. now owns 3,012 shares of the insurance provider’s stock worth $6,475,000 after purchasing an additional 261 shares in the last quarter. Winthrop Advisory Group LLC lifted its position in shares of Markel Group by 3.7% during the fourth quarter. Winthrop Advisory Group LLC now owns 339 shares of the insurance provider’s stock worth $705,000 after purchasing an additional 12 shares in the last quarter. Citadel Investment Advisory Inc. lifted its position in shares of Markel Group by 0.6% during the fourth quarter. Citadel Investment Advisory Inc. now owns 15,619 shares of the insurance provider’s stock worth $33,575,000 after purchasing an additional 100 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Markel Group by 62.7% during the fourth quarter. Aaron Wealth Advisors LLC now owns 179 shares of the insurance provider’s stock worth $385,000 after purchasing an additional 69 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Down 0.1%

MKL stock opened at $1,904.75 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 1-year low of $1,653.31 and a 1-year high of $2,207.59. The firm has a fifty day moving average price of $1,995.49 and a two-hundred day moving average price of $2,020.04. The firm has a market cap of $23.96 billion, a price-to-earnings ratio of 11.22 and a beta of 0.79.

Insiders Place Their Bets

In other Markel Group news, 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 owned 2,397 shares in the company, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on MKL shares. Truist Financial boosted 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 research report on Friday, February 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Brean Capital assumed coverage on shares of Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target for the company. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2,100.00.

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.