Charter Oak Capital Management LLC Acquires New Position in Markel Group Inc. $MKL

Charter Oak Capital Management LLC acquired a new stake in Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 281 shares of the insurance provider’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. purchased a new position in shares of Markel Group in the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group in the 3rd quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of Markel Group in the 4th quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Markel Group by 183.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 11 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new position in shares of Markel Group in the 3rd quarter valued at approximately $38,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,923.49 on Monday. Markel Group Inc. has a twelve month low of $1,698.99 and a twelve month high of $2,207.59. The company’s 50 day moving average is $1,990.82 and its 200 day moving average is $2,020.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $24.13 billion, a PE ratio of 11.33 and a beta of 0.79.

Insider Buying and Selling

In other Markel Group news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction that occurred 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 owned 2,397 shares in the company, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Truist Financial increased their price target 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. Brean Capital assumed coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.