Seneca House Advisors Acquires 408 Shares of Markel Group Inc. $MKL

Seneca House Advisors increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,054 shares of the insurance provider’s stock after acquiring an additional 408 shares during the period. Markel Group comprises approximately 6.1% of Seneca House Advisors’ holdings, making the stock its 3rd largest holding. Seneca House Advisors owned approximately 0.06% of Markel Group worth $15,417,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Davis Selected Advisers boosted its stake in Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares in the last quarter. Select Equity Group L.P. grew its holdings in Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after acquiring an additional 145,146 shares during the last quarter. State Street Corp increased its position in Markel Group by 2.1% in the 3rd quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock valued at $581,818,000 after acquiring an additional 6,160 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Markel Group by 2.4% in the fourth quarter. DAVENPORT & Co LLC now owns 209,999 shares of the insurance provider’s stock worth $452,365,000 after acquiring an additional 4,972 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Markel Group by 13.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after purchasing an additional 23,631 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.0%

NYSE MKL traded up $0.11 on Friday, reaching $1,949.55. The company had a trading volume of 44,198 shares, compared to its average volume of 73,669. The stock’s 50 day moving average is $1,861.64 and its 200-day moving average is $1,964.93. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 14.05 and a beta of 0.66. 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 Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

Markel Group (NYSE:MKL) last issued its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Equities analysts predict that Markel Group Inc. will post 114.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MKL. Brean Capital began coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target for the company. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Truist Financial lowered their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Wolfe Research initiated coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

Insider Buying and Selling

In other news, Director Diane Leopold acquired 50 shares of Markel Group stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the purchase, the director directly owned 550 shares of the company’s stock, valued at $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 SEC filing for this sale provides additional information. Company insiders own 1.08% 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.