Davis Selected Advisers Has $892.50 Million Stake in Markel Group Inc. $MKL

Davis Selected Advisers grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415,160 shares of the insurance provider’s stock after purchasing an additional 41,632 shares during the quarter. Markel Group makes up 4.0% of Davis Selected Advisers’ portfolio, making the stock its 10th largest holding. Davis Selected Advisers’ holdings in Markel Group were worth $892,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in MKL. Canerector Inc. grew its holdings in shares of Markel Group by 191,036.0% during the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the last quarter. Select Equity Group L.P. grew its holdings in shares of Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Markel Group during the third quarter valued at approximately $46,738,000. Qube Research & Technologies Ltd bought a new position in shares of Markel Group during the third quarter valued at approximately $38,288,000. Finally, Strive Asset Management LLC bought a new position in Markel Group in the 3rd quarter worth approximately $38,227,000. 77.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MKL. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a report on Saturday. Weiss Ratings lowered Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday. Truist Financial decreased their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday. Brean Capital began coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective for the company. Finally, Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Stock Performance

MKL opened at $1,781.71 on Friday. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 12.84 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The business has a 50 day moving average price of $1,948.66 and a two-hundred day moving average price of $2,018.57.

Markel Group (NYSE:MKL) last released its 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 firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Research analysts predict that Markel Group Inc. will post 117.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Markel Group news, CEO Simon Wilson sold 100 shares of the company’s 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 value of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.08% of the stock is owned by company insiders.

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.