Principle Wealth Partners LLC Acquires New Shares in Markel Group Inc. $MKL

Principle Wealth Partners LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 737 shares of the insurance provider’s stock, valued at approximately $1,439,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MKL. Fideuram Asset Management Ireland dac acquired a new stake in shares of Markel Group during the fourth quarter worth about $26,000. Reflection Asset Management acquired a new position in shares of Markel Group in the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Markel Group in the 4th quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in Markel Group during the 3rd quarter worth approximately $29,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Markel Group during the 4th quarter worth approximately $39,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.08% of the stock is owned by company insiders.

Markel Group Stock Down 2.6%

Shares of Markel Group stock opened at $1,799.85 on Tuesday. The firm has a market cap of $22.30 billion, a PE ratio of 9.90 and a beta of 0.66. The business’s 50 day simple moving average is $1,910.09 and its 200 day simple moving average is $1,927.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MKL shares. Wolfe Research began coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial dropped their price objective 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, Weiss Ratings raised shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $2,025.00.

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.