Rakuten Investment Management Inc. Makes New Investment in Markel Group Inc. $MKL

Rakuten Investment Management Inc. acquired a new stake in Markel Group Inc. (NYSE:MKL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,453 shares of the insurance provider’s stock, valued at approximately $46,738,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of Markel Group during the fourth quarter valued at about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after buying an additional 13 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Markel Group by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after buying an additional 3,083 shares during the period. Empowered Funds LLC boosted its holdings in Markel Group by 49.1% in the first 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, Wealth Enhancement Advisory Services LLC grew its stake in Markel Group by 0.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,307 shares of the insurance provider’s stock valued at $8,623,000 after acquiring an additional 15 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Up 0.3%

MKL opened at $2,065.11 on Wednesday. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The firm has a market capitalization of $26.04 billion, a P/E ratio of 12.93 and a beta of 0.80. The company’s 50-day moving average is $2,107.57 and its 200 day moving average is $2,006.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, beating the consensus estimate of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.76%. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.77 billion. Research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In other Markel Group news, CEO Simon Wilson sold 75 shares of the business’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 transaction, the chief executive officer owned 1,770 shares of the company’s stock, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the sale, the director directly owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,575 shares of company stock valued at $3,330,900. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Cowen restated 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 downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Two 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 stock currently has an average rating of “Hold” and an average price target 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.