Markel Group Inc. $MKL Stock Holdings Lifted by Royal Bank of Canada

Royal Bank of Canada increased its holdings in Markel Group Inc. (NYSE:MKL) by 1.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,729 shares of the insurance provider’s stock after buying an additional 678 shares during the period. Royal Bank of Canada’s holdings in Markel Group were worth $81,787,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Diversify Advisory Services LLC raised its stake in Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 5 shares during the period. Keybank National Association OH boosted its stake in Markel Group by 0.7% in the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after acquiring an additional 5 shares during the period. Wellington Shields & Co. LLC boosted its stake in Markel Group by 3.2% in the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 5 shares during the period. Root Financial Partners LLC grew its holdings in shares of Markel Group by 13.9% during the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 5 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its holdings in shares of Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 5 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wolfe Research assumed coverage on Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Truist Financial cut their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $2,025.00.

Markel Group Trading Down 0.2%

Markel Group stock opened at $1,882.00 on Friday. Markel Group Inc. has a 52-week low of $1,719.41 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. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 10.35 and a beta of 0.66. The firm has a 50-day moving average price of $1,902.13 and a two-hundred day moving average price of $1,944.19.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate 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 net margin of 13.53% and a return on equity of 7.16%. Sell-side analysts expect that Markel Group Inc. will post 114.11 earnings per share for the current year.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the sale, the director owned 645 shares of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane Leopold bought 100 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were acquired at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the purchase, the director directly owned 2,190 shares in the company, valued at $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate 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.