Motley Fool Wealth Management LLC Decreases Holdings in Markel Group Inc. $MKL

Motley Fool Wealth Management LLC cut its stake in shares of Markel Group Inc. (NYSE:MKL) by 20.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,744 shares of the insurance provider’s stock after selling 1,196 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Markel Group were worth $10,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in Markel Group in the fourth quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 13 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Markel Group by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after purchasing an additional 3,083 shares during the last quarter. Empowered Funds LLC boosted its position in Markel Group by 49.1% in the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after purchasing an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Markel Group in the second quarter worth about $463,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on MKL shares. Truist Financial dropped their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Brean Capital started coverage on Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Markel Group currently has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Stock Up 1.0%

MKL stock opened at $1,813.52 on Wednesday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The stock has a market cap of $22.69 billion, a P/E ratio of 13.07 and a beta of 0.67. The business’s 50-day moving average price is $1,870.17 and its 200-day moving average price is $1,994.02.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. On average, equities research analysts forecast that Markel Group Inc. will post 113.55 EPS for the current year.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diane Leopold bought 100 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were bought at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the transaction, the director owned 2,190 shares in the company, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.08% of the company’s stock.

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.