Empowered Funds LLC Purchases 293 Shares of Markel Group Inc. $MKL

Empowered Funds LLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 58.0% during the 1st quarter, Holdings Channel reports. The firm owned 798 shares of the insurance provider’s stock after buying an additional 293 shares during the period. Empowered Funds LLC’s holdings in Markel Group were worth $1,527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MKL. Diversify Advisory Services LLC lifted its holdings in Markel Group by 4.5% in the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after buying an additional 5 shares during the period. Keybank National Association OH boosted its holdings in shares of Markel Group by 0.7% during the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after buying an additional 5 shares in the last quarter. Wellington Shields & Co. LLC grew its position in shares of Markel Group by 3.2% in the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after buying an additional 5 shares during the period. Root Financial Partners LLC increased its stake in shares of Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 5 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in Markel Group by 1.1% during the 4th quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock valued at $912,000 after acquiring an additional 5 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were 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 $1,191,514.95. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research assumed coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Weiss Ratings upgraded shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $2,025.00.

Markel Group Stock Performance

MKL opened at $1,872.06 on Friday. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 10.29 and a beta of 0.66. The company has a fifty day moving average of $1,905.21 and a 200 day moving average of $1,936.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59.

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.