Markel Group Inc. $MKL Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 7.9% in the first quarter, Holdings Channel reports. The firm owned 6,151 shares of the insurance provider’s stock after acquiring an additional 452 shares during the period. Pictet Asset Management Holding SA’s holdings in Markel Group were worth $11,773,000 as of its most recent SEC filing.

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

Markel Group Price Performance

Shares of MKL stock opened at $1,978.80 on Friday. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The stock has a market cap of $24.75 billion, a PE ratio of 14.26 and a beta of 0.66. 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 $1,852.99 and its two-hundred day moving average price is $1,971.72.

Markel Group (NYSE:MKL) last issued its 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 business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, analysts forecast that Markel Group Inc. will post 113.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on MKL shares. Brean Capital began coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Truist Financial cut their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday. They set an “underperform” rating on the stock. Finally, Wall Street Zen cut shares of 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 and one has issued a Sell rating to the company. According to data from MarketBeat, Markel Group presently has an average rating of “Reduce” and a consensus price target of $2,025.00.

Insider Activity

In other Markel Group news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value 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 represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane Leopold purchased 100 shares of Markel Group stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the transaction, the director owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate 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.