Markel Group Inc. $MKL Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its stake in Markel Group Inc. (NYSE:MKL) by 17.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,906 shares of the insurance provider’s stock after acquiring an additional 277 shares during the period. Mediolanum International Funds Ltd’s holdings in Markel Group were worth $3,596,000 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. Valley National Advisers Inc. bought a new position in shares of Markel Group during the fourth quarter worth about $25,000. Fideuram Asset Management Ireland dac acquired a new position in Markel Group in the fourth quarter worth about $26,000. Reflection Asset Management acquired a new stake in Markel Group during the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Markel Group during the third quarter valued at approximately $29,000. Finally, V Square Quantitative Management LLC bought a new position in Markel Group during the 4th quarter worth approximately $32,000. 77.12% of the stock is currently owned by institutional investors.

Insider Activity at Markel Group

In other Markel Group news, Director Diane Leopold acquired 50 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the acquisition, the director directly owned 550 shares of the company’s stock, valued at $984,054.50. This represents a 10.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greta J. Harris sold 76 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Markel Group Stock Performance

Shares of MKL opened at $1,980.87 on Tuesday. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The company has a market cap of $24.78 billion, a price-to-earnings ratio of 14.27 and a beta of 0.66. 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 firm has a fifty day moving average of $1,881.04 and a 200-day moving average of $1,953.87.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. As a group, equities analysts anticipate that Markel Group Inc. will post 114.11 earnings per share for the current 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.