Citigroup Inc. Trims Stock Position in Markel Group Inc. $MKL

Citigroup Inc. trimmed its stake in Markel Group Inc. (NYSE:MKL) by 24.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,048 shares of the insurance provider’s stock after selling 1,979 shares during the period. Citigroup Inc.’s holdings in Markel Group were worth $11,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clearstead Trust LLC boosted its stake in 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 shares of Markel Group in the 3rd quarter valued at about $38,000. Hemington Wealth Management grew its stake in Markel Group by 35.3% during the 3rd quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock worth $43,000 after buying an additional 6 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Markel Group by 316.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25 shares of the insurance provider’s stock worth $48,000 after buying an additional 19 shares during the period. Finally, State of Wyoming lifted its stake in Markel Group by 35.0% in the second quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock valued at $54,000 after buying an additional 7 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research reports. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Truist Financial lifted their price objective on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2,100.00.

Markel Group Stock Performance

NYSE:MKL opened at $2,068.81 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $26.09 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79. The firm’s fifty day moving average price is $2,093.33 and its 200 day moving average price is $2,021.73. Markel Group Inc. has a 1-year low of $1,621.89 and a 1-year high of $2,207.59.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,330 shares of the 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 directly owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.