Pavion Blue Capital LLC Takes $3.22 Million Position in Markel Group Inc. $MKL

Pavion Blue Capital LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,650 shares of the insurance provider’s stock, valued at approximately $3,222,000. Markel Group makes up 1.3% of Pavion Blue Capital LLC’s investment portfolio, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Markel Group during the fourth quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 13 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Markel Group by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after purchasing an additional 3,083 shares during the last quarter. Empowered Funds LLC grew its stake in Markel Group by 49.1% during the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after purchasing an additional 137 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Markel Group during the 2nd quarter worth approximately $463,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 2.6%

NYSE:MKL opened at $1,799.85 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $22.30 billion, a price-to-earnings ratio of 9.90 and a beta of 0.66. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The stock has a 50-day simple moving average of $1,910.09 and a 200 day simple moving average of $1,927.25.

Analyst Ratings Changes

MKL has been the topic of a number of recent analyst reports. Weiss Ratings raised Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Wolfe Research started coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. Truist Financial cut their price target 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. Finally, Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $2,025.00.

Insider Buying and Selling

In other Markel Group news, 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 transaction of $140,395.56. Following the transaction, the director owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.08% of the stock is currently owned by corporate 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.