Horizon Kinetics Asset Management LLC Decreases Stock Position in Markel Group Inc. $MKL

Horizon Kinetics Asset Management LLC cut its stake in Markel Group Inc. (NYSE:MKL) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,102 shares of the insurance provider’s stock after selling 305 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Markel Group were worth $4,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new stake in Markel Group during the 4th quarter worth about $25,000. Fideuram Asset Management Ireland dac purchased a new stake in Markel Group during the 4th quarter worth about $26,000. V Square Quantitative Management LLC purchased a new stake in Markel Group during the 4th quarter worth about $32,000. Basepoint Wealth LLC purchased a new stake in Markel Group during the 4th quarter worth about $32,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Markel Group during the 3rd quarter worth about $29,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Truist Financial decreased their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Finally, Wall Street Zen downgraded 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, Based on data from MarketBeat, Markel Group has an average rating of “Hold” and an average target price of $2,025.00.

Insider Activity

In other news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the sale, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diane Leopold bought 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the acquisition, the director directly owned 550 shares in the company, valued at approximately $984,054.50. The trade was a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by insiders.

Markel Group Stock Up 1.0%

Markel Group stock opened at $1,813.52 on Wednesday. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $22.69 billion, a P/E ratio of 13.07 and a beta of 0.67. The stock has a 50-day simple moving average of $1,870.17 and a 200-day simple moving average of $1,994.02.

Markel Group (NYSE:MKL) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Equities research analysts expect that Markel Group Inc. will post 113.55 earnings per share for the current year.

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.