Bessemer Group Inc. Has $2.59 Million Holdings in Markel Group Inc. $MKL

Bessemer Group Inc. trimmed its stake in Markel Group Inc. (NYSE:MKL) by 21.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,352 shares of the insurance provider’s stock after selling 374 shares during the period. Bessemer Group Inc.’s holdings in Markel Group were worth $2,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Valley National Advisers Inc. acquired a new position in shares of Markel Group during the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group during the fourth quarter worth about $26,000. Reflection Asset Management acquired a new stake in Markel Group during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new position in Markel Group during the third quarter valued at about $29,000. Finally, V Square Quantitative Management LLC bought a new position in Markel Group during the fourth quarter valued at about $32,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the subject of a number of research reports. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Truist Financial reduced their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Finally, Brean Capital began 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 objective for the company. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $2,025.00.

Insider Activity

In other Markel Group news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director directly owned 645 shares in the company, valued at $1,191,514.95. The trade was a 10.54% 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 Diane Leopold acquired 50 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the purchase, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. The trade was a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by corporate insiders.

Markel Group Price Performance

Markel Group stock opened at $1,960.62 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $24.53 billion, a PE ratio of 14.13 and a beta of 0.66. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The business has a 50 day simple moving average of $1,883.55 and a 200 day simple moving average of $1,952.53.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. On average, sell-side analysts forecast that Markel Group Inc. will post 114.11 EPS for the current fiscal year.

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.