Russell Investments Group Ltd. Buys 433 Shares of Markel Group Inc. $MKL

Russell Investments Group Ltd. grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 2.1% in the third quarter, Holdings Channel reports. The fund owned 21,094 shares of the insurance provider’s stock after acquiring an additional 433 shares during the quarter. Russell Investments Group Ltd.’s holdings in Markel Group were worth $40,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Heritage Wealth Advisors increased its position in Markel Group by 32.8% in the third quarter. Heritage Wealth Advisors now owns 8,052 shares of the insurance provider’s stock worth $15,390,000 after buying an additional 1,987 shares during the last quarter. Parallel Advisors LLC increased its holdings in Markel Group by 3.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,856 shares of the insurance provider’s stock worth $5,459,000 after acquiring an additional 97 shares during the last quarter. Korea Investment CORP raised its stake in Markel Group by 1.4% in the 3rd quarter. Korea Investment CORP now owns 8,079 shares of the insurance provider’s stock valued at $15,442,000 after acquiring an additional 111 shares during the period. Modern Wealth Management LLC lifted its holdings in Markel Group by 1.1% during the third quarter. Modern Wealth Management LLC now owns 1,511 shares of the insurance provider’s stock valued at $2,888,000 after purchasing an additional 17 shares during the last quarter. Finally, Barclays PLC boosted its position in Markel Group by 1.6% during the third quarter. Barclays PLC now owns 19,091 shares of the insurance provider’s stock worth $36,490,000 after purchasing an additional 309 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

NYSE:MKL opened at $1,955.01 on Thursday. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,207.59. The stock has a fifty day moving average of $2,065.48 and a 200 day moving average of $2,024.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 11.52 and a beta of 0.77.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MKL. Truist Financial lifted 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. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research note 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, January 19th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $2,100.00.

Insider Buying and Selling at Markel Group

In other news, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction dated 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 owned 2,397 shares in the company, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by insiders.

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.