JPMorgan Chase & Co. Acquires 1,193 Shares of Markel Group Inc. $MKL

JPMorgan Chase & Co. boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,724 shares of the insurance provider’s stock after buying an additional 1,193 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of Markel Group worth $31,966,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Markel Group in the 3rd quarter worth about $29,000. GoalVest Advisory LLC bought a new position in Markel Group in the 3rd quarter valued at about $38,000. Kelleher Financial Advisors acquired a new position in Markel Group during the 3rd quarter valued at about $38,000. Hemington Wealth Management boosted 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 valued at $43,000 after purchasing an additional 6 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Markel Group by 53.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 23 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 8 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MKL has been the subject of several analyst reports. Wall Street Zen raised Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Truist Financial upped their price target on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2,100.00.

Markel Group Trading Down 0.2%

NYSE:MKL opened at $1,876.99 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 11.06 and a beta of 0.77. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59. The firm has a 50-day moving average price of $2,035.32 and a two-hundred day moving average price of $2,023.35.

Insider Activity

In related news, CEO Simon Wilson sold 100 shares of the 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 transaction of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by corporate insiders.

Markel Group Company 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.