Wedge Capital Management L L P NC Has $11.63 Million Stake in Markel Group Inc. $MKL

Wedge Capital Management L L P NC lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,083 shares of the insurance provider’s stock after selling 734 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Markel Group were worth $11,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC increased its holdings in Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 9 shares in the last quarter. Chilton Capital Management LLC bought a new position in Markel Group during the second quarter worth $32,000. Ameritas Advisory Services LLC bought a new position in Markel Group during the second quarter worth $38,000. State of Wyoming increased 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 purchasing an additional 7 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Markel Group in the first quarter valued at $64,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 15th. Cowen reiterated a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,025.00.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Simon Wilson sold 75 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer directly owned 1,770 shares in the company, valued at approximately $3,669,103.80. This trade represents a 4.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,575 shares of company stock worth $3,330,900. Company insiders own 1.66% of the company’s stock.

Markel Group Price Performance

Shares of NYSE MKL opened at $2,168.96 on Monday. The stock has a market cap of $27.35 billion, a price-to-earnings ratio of 13.58 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,194.31. The firm’s 50-day simple moving average is $2,019.91 and its 200 day simple moving average is $1,980.02.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping the consensus estimate of $22.77 by $8.13. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a return on equity of 7.76% and a net margin of 12.99%. As a group, research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.