Envestnet Asset Management Inc. Trims Position in Markel Group Inc. $MKL

Envestnet Asset Management Inc. decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,375 shares of the insurance provider’s stock after selling 979 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Markel Group were worth $88,638,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MKL. Elm Partners Management LLC raised its stake in shares of Markel Group by 48.0% during the third quarter. Elm Partners Management LLC now owns 299 shares of the insurance provider’s stock valued at $571,000 after acquiring an additional 97 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Markel Group by 10.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 496 shares of the insurance provider’s stock worth $948,000 after buying an additional 46 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Markel Group by 3.8% in the third quarter. WCM Investment Management LLC now owns 274 shares of the insurance provider’s stock valued at $521,000 after acquiring an additional 10 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Markel Group in the third quarter worth about $2,104,000. Finally, Jones Financial Companies Lllp grew its holdings in Markel Group by 20.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 505 shares of the insurance provider’s stock worth $967,000 after acquiring an additional 84 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Up 0.4%

Markel Group stock opened at $2,102.76 on Friday. The business has a fifty day moving average price of $2,102.24 and a 200-day moving average price of $2,010.40. Markel Group Inc. has a 1-year low of $1,621.89 and a 1-year high of $2,207.59. The stock has a market capitalization of $26.52 billion, a price-to-earnings ratio of 12.39 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60.

Analyst Ratings Changes

MKL has been the subject of several research reports. Truist Financial upped their price target on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research report on Friday. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2,100.00.

Insider Transactions at Markel Group

In other news, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the sale, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Simon Wilson sold 75 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,575 shares of company stock worth $3,330,900 in the last 90 days. Insiders own 1.66% of the company’s stock.

Markel Group Company 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.