Check Capital Management Inc. CA Sells 427 Shares of Markel Group Inc. $MKL

Check Capital Management Inc. CA trimmed its position in Markel Group Inc. (NYSE:MKL) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 76,886 shares of the insurance provider’s stock after selling 427 shares during the period. Markel Group comprises approximately 4.3% of Check Capital Management Inc. CA’s holdings, making the stock its 4th largest holding. Check Capital Management Inc. CA’s holdings in Markel Group were worth $147,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Markel Group in the fourth quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Markel Group by 13.5% during the 1st 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. lifted its position in Markel Group by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after purchasing an additional 3,083 shares during the period. Empowered Funds LLC boosted its stake in shares of Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after purchasing an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Markel Group in the 2nd quarter valued at about $463,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Diane Leopold purchased 100 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the acquisition, 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. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is currently owned by corporate insiders.

Markel Group Stock Up 0.7%

Shares of MKL stock opened at $1,964.23 on Tuesday. The firm has a fifty day moving average of $1,865.42 and a 200-day moving average of $1,961.83. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 14.15 and a beta of 0.66.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. As a group, equities research analysts predict that Markel Group Inc. will post 114.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MKL shares. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Truist Financial cut their price objective on shares of 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 shares of 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. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Markel Group currently has an average rating of “Reduce” and an average price target of $2,025.00.

Markel Group Company 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.