Markel Group Inc. $MKL Shares Bought by M&T Bank Corp

M&T Bank Corp raised its position in Markel Group Inc. (NYSE:MKL) by 115.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 909 shares of the insurance provider’s stock after buying an additional 487 shares during the period. M&T Bank Corp’s holdings in Markel Group were worth $1,954,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MKL. Canerector Inc. boosted its holdings in Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after buying an additional 10,698,016 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of 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 worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of Markel Group during the 3rd quarter worth approximately $46,738,000. Qube Research & Technologies Ltd acquired a new position in shares of Markel Group during the 3rd quarter worth approximately $38,288,000. Finally, Strive Asset Management LLC acquired a new position in shares of Markel Group during the 3rd quarter worth approximately $38,227,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MKL has been the topic of several recent research reports. Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Truist Financial lowered their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Brean Capital initiated coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Stock Up 0.6%

MKL stock opened at $1,810.91 on Friday. The firm has a market cap of $22.65 billion, a PE ratio of 13.05 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s 50 day moving average price is $1,931.50 and its 200-day moving average price is $2,017.25. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. On average, equities research analysts anticipate that Markel Group Inc. will post 113.77 EPS for the current year.

Insider Activity at Markel Group

In other news, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the sale, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diane Leopold purchased 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the transaction, the director owned 550 shares in the company, valued at approximately $984,054.50. This trade represents a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by insiders.

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.