Strs Ohio Sells 1,349 Shares of Markel Group Inc. $MKL

Strs Ohio reduced its stake in Markel Group Inc. (NYSE:MKL) by 81.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 298 shares of the insurance provider’s stock after selling 1,349 shares during the period. Strs Ohio’s holdings in Markel Group were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MKL. Clearstead Trust LLC lifted its position in shares of Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after buying an additional 9 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Markel Group in the 2nd quarter worth approximately $32,000. Ameritas Advisory Services LLC purchased a new stake in shares of Markel Group during the 2nd quarter worth approximately $38,000. GoalVest Advisory LLC bought a new position in shares of Markel Group during the 3rd quarter valued at approximately $38,000. Finally, Hemington Wealth Management grew its holdings in shares of Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MKL. TD Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Price Performance

MKL opened at $2,041.15 on Friday. The business has a fifty day moving average of $2,103.25 and a 200 day moving average of $2,008.51. The stock has a market cap of $25.74 billion, a P/E ratio of 12.78 and a beta of 0.80. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,207.59.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.76%. As a group, sell-side analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the transaction, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Simon Wilson sold 75 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the sale, the chief executive officer owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This represents a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,575 shares of company stock valued at $3,330,900 in the last ninety days. Insiders own 1.66% of the company’s stock.

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.