Markel Group Inc. $MKL Shares Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC boosted its position in Markel Group Inc. (NYSE:MKL) by 516.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,089 shares of the insurance provider’s stock after buying an additional 1,750 shares during the period. Cary Street Partners Financial LLC’s holdings in Markel Group were worth $3,993,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC boosted its holdings 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 acquiring an additional 9 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in Markel Group in the third quarter valued at about $38,000. Hemington Wealth Management boosted its holdings in Markel Group by 35.3% in the 3rd quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position 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 purchasing an additional 19 shares during the period. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in shares of Markel Group during the 3rd quarter worth approximately $54,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 0.5%

Markel Group stock opened at $2,077.73 on Thursday. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of 12.24 and a beta of 0.79. The stock’s fifty day moving average is $2,097.32 and its two-hundred day moving average is $2,019.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. 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. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2,100.00.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the transaction, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.66% of the company’s stock.

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.