Fiduciary Alliance LLC Has $2.61 Million Stock Position in Markel Group Inc. $MKL

Fiduciary Alliance LLC reduced its position in Markel Group Inc. (NYSE:MKL) by 20.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,316 shares of the insurance provider’s stock after selling 334 shares during the period. Fiduciary Alliance LLC’s holdings in Markel Group were worth $2,610,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ritholtz Wealth Management lifted its position in shares of Markel Group by 41.7% in the 1st quarter. Ritholtz Wealth Management now owns 476 shares of the insurance provider’s stock valued at $911,000 after acquiring an additional 140 shares in the last quarter. Strategent Financial LLC grew its position in Markel Group by 6.9% during the 1st quarter. Strategent Financial LLC now owns 809 shares of the insurance provider’s stock worth $1,548,000 after purchasing an additional 52 shares in the last quarter. OP Asset Management Ltd acquired a new stake in Markel Group during the 1st quarter valued at $5,918,000. Banque Cantonale Vaudoise acquired a new stake in Markel Group during the 1st quarter valued at $61,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Markel Group by 61.8% in the first quarter. Assenagon Asset Management S.A. now owns 5,344 shares of the insurance provider’s stock valued at $10,229,000 after purchasing an additional 2,042 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity

In other news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the sale, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane Leopold purchased 100 shares of Markel Group stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the acquisition, the director owned 2,190 shares in the company, valued at $3,925,815.90. The trade was a 4.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MKL. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Truist Financial lowered their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Finally, Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Markel Group has a consensus rating of “Hold” and an average target price of $2,025.00.

Markel Group Trading Down 0.8%

Shares of NYSE:MKL opened at $1,885.05 on Friday. The firm has a fifty day moving average of $1,856.08 and a two-hundred day moving average of $1,977.26. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The firm has a market capitalization of $23.58 billion, a P/E ratio of 13.58 and a beta of 0.67.

Markel Group (NYSE:MKL) last posted 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 company had revenue of $3.55 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%. On average, equities analysts expect that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

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.