Country Trust Bank Acquires 2,370 Shares of Markel Group Inc. $MKL

Country Trust Bank raised its holdings in Markel Group Inc. (NYSE:MKL) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,284 shares of the insurance provider’s stock after purchasing an additional 2,370 shares during the period. Country Trust Bank owned approximately 0.16% of Markel Group worth $43,604,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Markel Group in the 3rd quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Markel Group by 183.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 11 shares during the period. GoalVest Advisory LLC bought a new stake in shares of Markel Group during the 3rd quarter valued at $38,000. Kelleher Financial Advisors bought a new stake in shares of Markel Group during the 3rd quarter valued at $38,000. Finally, Hemington Wealth Management lifted its position in shares of 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 acquiring an additional 6 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of MKL stock opened at $1,904.10 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The company has a market cap of $23.95 billion, a P/E ratio of 11.22 and a beta of 0.79. The business has a fifty day simple moving average of $1,997.62 and a 200 day simple moving average of $2,020.26.

Insider Buying and Selling at Markel Group

In related news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction 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 in the company, valued at $4,984,513.56. This represents a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MKL has been the subject of a number of recent analyst reports. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Truist Financial upped their target price on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Friday, March 27th. Brean Capital assumed coverage on shares of Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Finally, Wall Street Zen raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2,100.00.

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.