JPMorgan Chase & Co. Grows Holdings in Markel Group Inc. $MKL

JPMorgan Chase & Co. increased its stake in Markel Group Inc. (NYSE:MKL) by 7.7% in the third quarter, according to the company in its most recent disclosure 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.’s holdings in Markel Group were worth $31,966,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Clearstead Trust LLC increased its position in shares of Markel Group by 180.0% in the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 9 shares during the last quarter. GoalVest Advisory LLC bought a new stake in Markel Group in the third quarter valued at about $38,000. Hemington Wealth Management raised its stake in Markel Group by 35.3% during the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after buying an additional 6 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Markel Group by 316.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25 shares of the insurance provider’s stock worth $48,000 after buying an additional 19 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Markel Group by 35.0% during the 2nd quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock worth $54,000 after buying an additional 7 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction dated 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 sale, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This trade represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.66% of the stock is owned by company insiders.

Markel Group Price Performance

Shares of MKL opened at $2,068.81 on Friday. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a fifty day moving average price of $2,093.33 and a 200 day moving average price of $2,021.08. The company has a market cap of $26.09 billion, a P/E ratio of 12.19 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MKL shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Truist Financial boosted their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently 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.