Richard Bernstein Advisors LLC Has $3.35 Million Stock Position in Markel Group Inc. $MKL

Richard Bernstein Advisors LLC lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 50.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,751 shares of the insurance provider’s stock after selling 1,764 shares during the period. Richard Bernstein Advisors LLC’s holdings in Markel Group were worth $3,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Markel Group during the fourth quarter worth $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after buying an additional 13 shares during the period. Goldman Sachs Group Inc. boosted its position 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 acquiring an additional 3,083 shares during the period. Empowered Funds LLC raised its stake in shares of Markel Group by 49.1% in the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after purchasing an additional 137 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Markel Group by 38.9% during the 2nd quarter. Assetmark Inc. now owns 50 shares of the insurance provider’s stock worth $100,000 after buying an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the transaction, the director directly owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Markel Group Stock Down 1.1%

Shares of NYSE MKL opened at $1,960.09 on Tuesday. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,207.59. The business’s fifty day simple moving average is $2,073.46 and its 200-day simple moving average is $2,025.06. 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 $24.66 billion, a P/E ratio of 11.55 and a beta of 0.77.

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.