Markel Group Inc. $MKL Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its position in Markel Group Inc. (NYSE:MKL) by 29.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,879 shares of the insurance provider’s stock after selling 9,188 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Markel Group were worth $47,032,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. acquired a new position in shares of Markel Group in the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Markel Group in the third quarter worth about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Markel Group in the fourth quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Markel Group by 183.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock worth $37,000 after buying an additional 11 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of Markel Group in the third quarter worth about $38,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial upped their target price on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Wall Street Zen upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Friday, March 27th. 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 four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2,100.00.

Insiders Place Their Bets

In related news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.08% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,908.48 on Wednesday. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 11.24 and a beta of 0.79. Markel Group Inc. has a twelve month low of $1,766.03 and a twelve month high of $2,207.59. 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 50-day moving average of $1,960.80 and a 200 day moving average of $2,022.14.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.38 billion. Markel Group had a return on equity of 8.21% and a net margin of 13.22%. Sell-side analysts anticipate that Markel Group Inc. will post 117.5 EPS for the current fiscal year.

About Markel Group

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.