Markel Group Inc. $MKL Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in Markel Group Inc. (NYSE:MKL) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,920 shares of the insurance provider’s stock after selling 2,589 shares during the quarter. California Public Employees Retirement System owned 0.25% of Markel Group worth $59,183,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Markel Group in the fourth quarter valued at $317,583,000. Select Equity Group L.P. boosted its position in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares in the last quarter. Davis Selected Advisers grew its stake in shares of Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Markel Group by 3,235.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after purchasing an additional 24,557 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Markel Group by 13.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after purchasing an additional 23,631 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Buying and Selling

In other news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Diane Leopold acquired 100 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the transaction, the director directly owned 2,190 shares in the company, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Wolfe Research assumed coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Brean Capital began coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Reduce” and an average price target of $2,025.00.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,970.12 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $1,878.19 and its 200 day moving average price is $1,955.23. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 14.20 and a beta of 0.66.

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

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.