Diversified Trust Co Takes Position in Markel Group Inc. $MKL

Diversified Trust Co acquired a new position in shares of Markel Group Inc. (NYSE:MKL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 294 shares of the insurance provider’s stock, valued at approximately $562,000.

Several other hedge funds have also recently added to or reduced their stakes in MKL. Clearstead Trust LLC grew its holdings in Markel Group by 180.0% during the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 9 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Markel Group during the 2nd quarter worth $32,000. Ameritas Advisory Services LLC purchased a new stake in shares of Markel Group during the 2nd quarter worth $38,000. State of Wyoming grew its stake in shares of Markel Group by 35.0% during the second quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 7 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in Markel Group in the first quarter valued at $64,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 0.9%

Markel Group stock opened at $2,130.49 on Friday. The company has a market capitalization of $26.87 billion, a P/E ratio of 13.34 and a beta of 0.80. 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 $2,207.59. The stock has a 50-day simple moving average of $2,073.30 and a 200-day simple moving average of $1,995.47.

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

Analysts Set New Price Targets

MKL has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a report on Monday. Zacks Research upgraded Markel Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Finally, Cowen reaffirmed a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,025.00.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares in the company, valued at $127,927,036.16. This represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,575 shares of company stock worth $3,330,900 over the last ninety days. Corporate insiders own 1.66% of the company’s stock.

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.