Lincoln Capital LLC Reduces Stock Position in Markel Group Inc. $MKL

Lincoln Capital LLC trimmed its position in shares of Markel Group Inc. (NYSE:MKL) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,862 shares of the insurance provider’s stock after selling 319 shares during the quarter. Markel Group comprises about 6.2% of Lincoln Capital LLC’s holdings, making the stock its 3rd biggest holding. Lincoln Capital LLC owned 0.14% of Markel Group worth $34,884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its position in Markel Group by 13.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after acquiring an additional 11,439 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Markel Group by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after acquiring an additional 732 shares during the period. Ervin Investment Management LLC increased its stake in shares of Markel Group by 259.2% in the 4th quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock worth $19,583,000 after purchasing an additional 6,574 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in Markel Group by 77.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after purchasing an additional 679 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Markel Group by 3,235.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after buying an additional 24,557 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

NYSE:MKL opened at $1,878.47 on Thursday. The stock has a 50-day moving average price of $1,903.62 and a 200 day moving average price of $1,938.54. The stock has a market capitalization of $23.27 billion, a P/E ratio of 10.33 and a beta of 0.66. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

MKL has been the topic of a number of analyst reports. Weiss Ratings raised Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wolfe Research assumed coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Truist Financial decreased 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 note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Markel Group currently has an average rating of “Reduce” and a consensus target price of $2,025.00.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director owned 645 shares in the company, valued at $1,191,514.95. The trade was a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by insiders.

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.