Edgestream Partners L.P. Invests $3.74 Million in Markel Group Inc. $MKL

Edgestream Partners L.P. bought a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 1st quarter, Holdings Channel reports. The fund bought 1,952 shares of the insurance provider’s stock, valued at approximately $3,736,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKL. Norges Bank purchased a new stake in Markel Group in the fourth quarter worth $317,583,000. Select Equity Group L.P. increased its position in Markel Group by 75.9% during the 2nd 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 period. Davis Selected Advisers increased its position in Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after purchasing an additional 41,632 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Markel Group by 3,235.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after purchasing an additional 24,557 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in Markel Group by 13.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after purchasing an additional 23,631 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Diane Leopold acquired 50 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the purchase, the director directly owned 550 shares of the company’s stock, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MKL has been the topic of a number of research reports. Wolfe Research assumed coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Truist Financial cut their price objective 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. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Markel Group has a consensus rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,882.00 on Friday. 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 firm has a market capitalization of $23.32 billion, a P/E ratio of 10.35 and a beta of 0.66. The business has a fifty day simple moving average of $1,902.13 and a two-hundred day simple moving average of $1,944.19. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59.

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.