335 Shares in Markel Group Inc. $MKL Acquired by MQS Management LLC

MQS Management LLC bought a new stake in Markel Group Inc. (NYSE:MKL) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 335 shares of the insurance provider’s stock, valued at approximately $641,000.

A number of other institutional investors also recently added to or reduced their stakes in MKL. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Markel Group by 13.2% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after buying an additional 11,439 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Markel Group by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after acquiring an additional 732 shares during the last quarter. Ervin Investment Management LLC increased its holdings in shares of Markel Group by 259.2% in the 4th quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock valued at $19,583,000 after acquiring an additional 6,574 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after acquiring an additional 679 shares in the last quarter. Finally, Heritage Wealth Advisors raised its position in shares of Markel Group by 32.8% during the 3rd quarter. Heritage Wealth Advisors now owns 8,052 shares of the insurance provider’s stock worth $15,390,000 after acquiring an additional 1,987 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.3%

Markel Group stock opened at $1,951.01 on Wednesday. The company has a market capitalization of $24.41 billion, a P/E ratio of 14.06 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. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The stock has a 50-day simple moving average of $1,853.68 and a 200-day simple moving average of $1,974.48.

Markel Group (NYSE:MKL) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Equities research analysts expect that Markel Group Inc. will post 113.55 earnings per share for the current year.

Insider Activity at Markel Group

In other Markel Group news, Director Diane Leopold bought 50 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the acquisition, the director directly owned 550 shares of the company’s stock, valued at $984,054.50. The trade was a 10.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on 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 owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MKL has been the subject of a number of research analyst reports. Brean Capital initiated coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target for the company. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Truist Financial reduced their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

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.