Markel Group Inc. $MKL Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lowered its stake in Markel Group Inc. (NYSE:MKL) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,580 shares of the insurance provider’s stock after selling 249 shares during the period. Markel Group makes up approximately 2.1% of Redmond Asset Management LLC’s portfolio, making the stock its 7th biggest holding. Redmond Asset Management LLC’s holdings in Markel Group were worth $8,754,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Markel Group in the 4th quarter valued at $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 13 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Markel Group by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after acquiring an additional 3,083 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Markel Group by 49.1% during the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after acquiring an additional 137 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Markel Group by 0.4% during the second quarter. Asset Management One Co. Ltd. now owns 5,111 shares of the insurance provider’s stock worth $10,209,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the sale, the director directly owned 60,368 shares in the company, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.66% of the company’s stock.

Markel Group Price Performance

Shares of NYSE:MKL opened at $2,065.11 on Wednesday. The firm has a market capitalization of $26.04 billion, a price-to-earnings ratio of 12.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50 day simple moving average is $2,098.79 and its 200-day simple moving average is $2,019.23. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MKL. Truist Financial raised their price objective on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus target price of $2,100.00.

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.