Sunbelt Securities Inc. Buys 1,130 Shares of Markel Group Inc. $MKL

Sunbelt Securities Inc. boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 672.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,298 shares of the insurance provider’s stock after acquiring an additional 1,130 shares during the quarter. Sunbelt Securities Inc.’s holdings in Markel Group were worth $2,481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKL. Brighton Jones LLC acquired a new stake in shares of Markel Group during the 4th quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 acquiring an additional 13 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Markel Group by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after acquiring an additional 3,083 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after acquiring an additional 137 shares in the last quarter. Finally, Creative Planning grew its position in Markel Group by 3.2% during the 2nd quarter. Creative Planning now owns 5,781 shares of the insurance provider’s stock worth $11,546,000 after acquiring an additional 180 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

MKL opened at $1,964.62 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $24.71 billion, a P/E ratio of 11.57 and a beta of 0.77. The company’s 50 day simple moving average is $2,050.39 and its 200-day simple moving average is $2,024.65. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,207.59.

Insider Transactions at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MKL. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Truist Financial boosted their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research 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 company has a consensus rating of “Hold” and an average target price of $2,100.00.

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.