Heritage Wealth Advisors Buys 1,987 Shares of Markel Group Inc. $MKL

Heritage Wealth Advisors lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 32.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,052 shares of the insurance provider’s stock after buying an additional 1,987 shares during the period. Heritage Wealth Advisors’ holdings in Markel Group were worth $15,390,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Clearstead Trust LLC boosted its holdings in shares of Markel Group by 180.0% during the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 9 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Markel Group in the 3rd quarter worth about $38,000. Hemington Wealth Management increased its holdings in Markel Group by 35.3% in the 3rd quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Markel Group by 316.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 19 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new position in Markel Group in the third quarter valued at about $54,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

NYSE MKL opened at $1,983.75 on Friday. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of 11.69 and a beta of 0.77. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The stock has a fifty day simple moving average of $2,078.10 and a 200 day simple moving average of $2,024.74.

Insider Transactions at Markel Group

In other news, CEO Simon Wilson sold 100 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the sale, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the transaction, the director owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Truist Financial boosted their price target on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2,100.00.

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.