LGT Fund Management Co Ltd. Has $1.45 Million Stock Position in Markel Group Inc. $MKL

LGT Fund Management Co Ltd. raised its position in Markel Group Inc. (NYSE:MKL) by 93.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 767 shares of the insurance provider’s stock after acquiring an additional 370 shares during the period. LGT Fund Management Co Ltd.’s holdings in Markel Group were worth $1,446,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC raised its position in shares of Markel Group by 3.4% during the second quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock worth $352,000 after purchasing an additional 6 shares during the period. TD Waterhouse Canada Inc. grew its position in Markel Group by 1.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock valued at $692,000 after purchasing an additional 6 shares during the period. East Coast Asset Management LLC. grew its position in Markel Group by 0.3% in the 2nd quarter. East Coast Asset Management LLC. now owns 2,170 shares of the insurance provider’s stock valued at $4,334,000 after purchasing an additional 6 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Markel Group by 5.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider’s stock valued at $229,000 after purchasing an additional 6 shares in the last quarter. Finally, Hemington Wealth Management increased its stake in Markel Group by 35.3% during the 3rd quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,983.75 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $24.96 billion, a PE ratio of 11.69 and a beta of 0.77. The stock’s fifty day simple moving average is $2,078.10 and its two-hundred day simple moving average is $2,025.12. Markel Group Inc. has a 1-year low of $1,621.89 and a 1-year high of $2,207.59.

Analysts Set New Price Targets

MKL has been the topic of a number of recent research reports. Truist Financial raised their price objective on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2,100.00.

Insider Transactions at Markel Group

In related news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Markel sold 1,330 shares of the company’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 completion of the sale, the director directly owned 60,368 shares of the company’s stock, valued at $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.66% of the stock is owned by company insiders.

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.