Arizona State Retirement System Sells 281 Shares of Markel Group Inc. $MKL

Arizona State Retirement System lessened its stake in Markel Group Inc. (NYSE:MKL) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,472 shares of the insurance provider’s stock after selling 281 shares during the period. Arizona State Retirement System’s holdings in Markel Group were worth $7,464,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. BI Asset Management Fondsmaeglerselskab A S raised its position in Markel Group by 172.8% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock valued at $3,217,000 after purchasing an additional 1,066 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Markel Group by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after buying an additional 9,496 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Markel Group during the 3rd quarter worth $2,104,000. Ervin Investment Management LLC increased its stake in shares of Markel Group by 259.2% during the fourth quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock valued at $19,583,000 after buying an additional 6,574 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Markel Group during the third quarter valued at $46,738,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.08% of the stock is currently owned by insiders.

Markel Group Price Performance

MKL opened at $1,911.69 on Monday. The business’s 50-day moving average is $1,967.59 and its two-hundred day moving average is $2,022.57. Markel Group Inc. has a 1 year low of $1,766.03 and a 1 year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $23.99 billion, a PE ratio of 11.26 and a beta of 0.79.

Analysts Set New Price Targets

A number of analysts recently weighed in on MKL shares. Wall Street Zen raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Friday, March 27th. Truist Financial upped 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 research report on Friday, February 6th. Finally, Brean Capital started coverage on shares of Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average 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.