Y Intercept Hong Kong Ltd Takes Position in Markel Group Inc. $MKL

Y Intercept Hong Kong Ltd acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the first quarter, Holdings Channel reports. The fund acquired 1,023 shares of the insurance provider’s stock, valued at approximately $1,958,000.

Several other large investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Markel Group by 13.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after buying an additional 11,439 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Markel Group by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after acquiring an additional 732 shares during the last quarter. Ervin Investment Management LLC lifted its position in Markel Group by 259.2% in the 4th quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock valued at $19,583,000 after acquiring an additional 6,574 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in Markel Group by 77.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after acquiring an additional 679 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after purchasing an additional 24,557 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diane Leopold acquired 50 shares of Markel Group stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the purchase, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This trade represents a 10.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.08% of the company’s stock.

Markel Group Trading Down 0.6%

NYSE:MKL opened at $1,957.20 on Thursday. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The firm has a 50-day moving average price of $1,856.94 and a two-hundred day moving average price of $1,966.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $24.48 billion, a price-to-earnings ratio of 14.10 and a beta of 0.66.

Markel Group (NYSE:MKL) last announced 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 business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

MKL has been the subject of a number of recent research reports. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Brean Capital started 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. Truist Financial cut 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 report on Thursday, April 30th. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Wolfe Research assumed coverage on Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $2,025.00.

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.