Markel Group Inc. $MKL Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 36.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,554 shares of the insurance provider’s stock after acquiring an additional 5,000 shares during the period. Hsbc Holdings PLC’s holdings in Markel Group were worth $39,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MKL. Canerector Inc. boosted its position in Markel Group by 191,036.0% during the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after purchasing an additional 10,698,016 shares in the last quarter. Norges Bank purchased a new stake in shares of Markel Group in the fourth quarter valued at approximately $317,583,000. Select Equity Group L.P. increased its position in shares of Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after buying an additional 145,146 shares in the last quarter. Davis Selected Advisers raised its stake in shares of Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after buying an additional 41,632 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after buying an additional 24,557 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,891.55 on Wednesday. The firm has a 50-day simple moving average of $1,858.65 and a 200-day simple moving average of $1,979.41. 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 capitalization of $23.66 billion, a price-to-earnings ratio of 13.63 and a beta of 0.67. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

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

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Truist Financial dropped their target price on shares of 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 shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Brean Capital started coverage on shares of Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus price target of $2,025.00.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the sale, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diane Leopold bought 100 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was bought at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the transaction, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. The trade was a 4.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.08% of the company’s stock.

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.