SG Americas Securities LLC Purchases 2,100 Shares of Markel Group Inc. $MKL

SG Americas Securities LLC boosted its position in shares of Markel Group Inc. (NYSE:MKL) by 53.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,009 shares of the insurance provider’s stock after acquiring an additional 2,100 shares during the quarter. SG Americas Securities LLC’s holdings in Markel Group were worth $11,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Diversify Advisory Services LLC boosted its position in shares of Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock valued at $239,000 after buying an additional 5 shares during the period. Keybank National Association OH raised its holdings in shares of Markel Group by 0.7% in the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after buying an additional 5 shares during the period. Wellington Shields & Co. LLC raised its holdings in shares of Markel Group by 3.2% in the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after buying an additional 5 shares during the period. Root Financial Partners LLC lifted its stake in shares of Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 5 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in shares of Markel Group by 4.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 5 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MKL has been the topic of several research analyst reports. Truist Financial cut their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Brean Capital began coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus price target of $2,025.00.

Insider Activity

In related news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was 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 in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane Leopold purchased 100 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the acquisition, the director owned 2,190 shares in the company, valued at $3,925,815.90. This trade represents a 4.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.08% of the company’s stock.

Markel Group Price Performance

Shares of MKL stock opened at $1,917.83 on Friday. The stock’s 50-day moving average is $1,854.73 and its 200 day moving average is $1,976.85. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $23.99 billion, a P/E ratio of 13.82 and a beta of 0.67.

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

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.