Scharf Investments LLC Sells 6,143 Shares of Markel Group Inc. $MKL

Scharf Investments LLC cut its stake in Markel Group Inc. (NYSE:MKL) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,203 shares of the insurance provider’s stock after selling 6,143 shares during the period. Markel Group makes up approximately 4.0% of Scharf Investments LLC’s holdings, making the stock its 7th largest holding. Scharf Investments LLC’s holdings in Markel Group were worth $148,794,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Markel Group in the 3rd quarter valued at approximately $29,000. GoalVest Advisory LLC acquired a new position in Markel Group during the third quarter worth $38,000. Kelleher Financial Advisors purchased a new stake in Markel Group during the third quarter worth $38,000. Hemington Wealth Management grew its holdings in Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Markel Group by 53.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 23 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Friday. Brean Capital started coverage on shares of Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price for the company. Wall Street Zen raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Truist Financial increased their price target on shares of 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. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2,100.00.

Markel Group Stock Up 1.3%

MKL opened at $1,911.84 on Wednesday. The firm has a market cap of $24.04 billion, a P/E ratio of 11.26 and a beta of 0.77. The business’s fifty day simple moving average is $2,008.73 and its 200 day simple moving average is $2,021.03. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Insider Activity

In other news, CEO Simon Wilson sold 100 shares of Markel Group 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 completion of the sale, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.66% of the stock is owned by corporate insiders.

Markel Group 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.