Thompson Siegel & Walmsley LLC Reduces Stake in Markel Group Inc. $MKL

Thompson Siegel & Walmsley LLC lowered its holdings in Markel Group Inc. (NYSE:MKL) by 7.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,364 shares of the insurance provider’s stock after selling 2,732 shares during the period. Markel Group accounts for approximately 1.3% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 11th biggest holding. Thompson Siegel & Walmsley LLC’s holdings in Markel Group were worth $76,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Canerector Inc. lifted its holdings in Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after buying an additional 10,698,016 shares during the period. Vanguard Group Inc. raised its position in shares of Markel Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock worth $2,242,020,000 after acquiring an additional 5,184 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Markel Group by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after acquiring an additional 9,496 shares in the last quarter. Davis Selected Advisers raised its position in shares of Markel Group by 11.1% in the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after acquiring an additional 41,632 shares in the last quarter. Finally, Select Equity Group L.P. raised its position in shares of Markel Group by 75.9% in the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after acquiring an additional 145,146 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Diane Leopold acquired 100 shares of Markel Group stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the transaction, the director directly owned 2,190 shares in the company, valued at approximately $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is owned by company insiders.

Markel Group Stock Up 0.3%

MKL stock opened at $1,820.95 on Monday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The firm has a market cap of $22.78 billion, a PE ratio of 13.12 and a beta of 0.67. The business has a 50 day moving average of $1,882.79 and a 200 day moving average of $2,007.16.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. On average, research analysts forecast that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MKL. Brean Capital began coverage on Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price for the company. Weiss Ratings downgraded shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, 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 research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.