Royal Fund Management LLC Purchases 318 Shares of Markel Group Inc. $MKL

Royal Fund Management LLC raised its position in Markel Group Inc. (NYSE:MKL) by 165.6% in the fourth quarter, HoldingsChannel reports. The fund owned 510 shares of the insurance provider’s stock after purchasing an additional 318 shares during the quarter. Royal Fund Management LLC’s holdings in Markel Group were worth $1,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Markel Group in the 4th quarter worth $202,000. Solitude Financial Services increased its stake in Markel Group by 1.8% during the 4th quarter. Solitude Financial Services now owns 1,253 shares of the insurance provider’s stock valued at $2,694,000 after purchasing an additional 22 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Markel Group by 3.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 4,898 shares of the insurance provider’s stock valued at $10,529,000 after purchasing an additional 148 shares in the last quarter. Baron Wealth Management LLC acquired a new position in Markel Group during the fourth quarter worth $297,000. Finally, Eastern Bank acquired a new position in Markel Group during the fourth quarter worth $77,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 1.3%

NYSE:MKL opened at $1,911.84 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 11.26 and a beta of 0.77. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59. The firm has a 50-day moving average price of $2,008.73 and a two-hundred day moving average price of $2,021.03.

Insider Activity

In other news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MKL has been the subject of a number of analyst reports. Truist Financial lifted 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 report on Friday, February 6th. Wall Street Zen upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research report on Friday. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Brean Capital initiated coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $2,100.00.

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.