MLP3 LLC Purchases New Shares in Markel Group Inc. $MKL

MLP3 LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 339 shares of the insurance provider’s stock, valued at approximately $729,000. Markel Group accounts for 0.8% of MLP3 LLC’s holdings, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Brighton Jones LLC acquired a new stake in Markel Group during the fourth quarter valued at $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Markel Group by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after buying an additional 13 shares during the period. Goldman Sachs Group Inc. grew its position in Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after buying an additional 3,083 shares during the period. Empowered Funds LLC grew its position in Markel Group by 49.1% during the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after buying an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Markel Group during the second quarter valued at $463,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity

In related news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the sale, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% 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 Diane Leopold acquired 50 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the purchase, the director owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MKL shares. 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 price target on the stock. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Stock Down 0.1%

Shares of NYSE MKL opened at $1,844.91 on Monday. The company’s 50-day simple moving average is $1,866.13 and its 200-day simple moving average is $1,989.63. Markel Group Inc. has a 52-week low of $182.19 and a 52-week high of $2,207.59. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 13.29 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last announced its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) 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 company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Equities analysts predict that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

About Markel Group

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.