TD Asset Management Inc Cuts Holdings in Markel Group Inc. $MKL

TD Asset Management Inc trimmed its position in Markel Group Inc. (NYSE:MKL) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,157 shares of the insurance provider’s stock after selling 7,586 shares during the quarter. TD Asset Management Inc owned about 0.50% of Markel Group worth $120,716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Select Equity Group L.P. increased its stake in Markel Group by 75.9% in the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after acquiring an additional 145,146 shares during the last quarter. Norges Bank bought a new position in shares of Markel Group during the 2nd quarter valued at approximately $288,361,000. Rakuten Investment Management Inc. purchased a new position in shares of Markel Group in the third quarter valued at $46,738,000. Principal Financial Group Inc. grew its holdings in shares of Markel Group by 1.8% in the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after purchasing an additional 9,496 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Markel Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,167,813 shares of the insurance provider’s stock worth $2,332,543,000 after purchasing an additional 9,303 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MKL. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Truist Financial boosted their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2,100.00.

Insider Buying and Selling

In related news, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the transaction, the director directly owned 60,368 shares in the company, valued at approximately $127,927,036.16. This represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

Markel Group Trading Up 0.5%

MKL stock opened at $2,077.73 on Thursday. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of 12.24 and a beta of 0.79. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $2,097.32 and its two-hundred day simple moving average is $2,019.64.

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.