Beck Mack & Oliver LLC Sells 2,000 Shares of Markel Group Inc. $MKL

Beck Mack & Oliver LLC trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,350 shares of the insurance provider’s stock after selling 2,000 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Markel Group were worth $44,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Clearstead Trust LLC raised its stake in Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 9 shares in the last quarter. GoalVest Advisory LLC purchased a new position in Markel Group in the third quarter worth $38,000. Kelleher Financial Advisors purchased a new stake in Markel Group during the third quarter valued at about $38,000. Hemington Wealth Management increased its position in shares of 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 during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Markel Group by 53.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 23 shares of the insurance provider’s stock worth $44,000 after buying an additional 8 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL opened at $1,941.90 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $24.43 billion, a P/E ratio of 11.44 and a beta of 0.77. The business’s 50 day moving average price is $2,057.59 and its 200-day moving average price is $2,024.16. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Truist Financial boosted 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 report on Friday, February 6th. Finally, Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two 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, Markel Group presently has an average rating of “Hold” and a consensus price target of $2,100.00.

Insider Transactions at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the sale, the chief executive officer directly owned 2,397 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. 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.