Markel Group Inc. $MKL Stake Increased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in Markel Group Inc. (NYSE:MKL) by 33.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,621 shares of the insurance provider’s stock after acquiring an additional 8,590 shares during the quarter. Renaissance Technologies LLC’s holdings in Markel Group were worth $66,267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in Markel Group by 406.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 11,475 shares of the insurance provider’s stock worth $21,964,000 after acquiring an additional 9,208 shares in the last quarter. Caxton Associates LLP purchased a new position in Markel Group during the 1st quarter valued at about $586,000. Cetera Investment Advisers increased its holdings in shares of Markel Group by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 2,927 shares of the insurance provider’s stock valued at $5,602,000 after purchasing an additional 176 shares during the period. Signature Equity Partners LLC acquired a new position in shares of Markel Group in the 1st quarter valued at about $144,000. Finally, Godshalk Welsh Capital Management Inc. lifted its position in shares of Markel Group by 20.3% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 148 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating for the company. Finally, Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $2,025.00.

Insider Activity at Markel Group

In other Markel Group news, 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, with a total value of $179,261.00. Following the completion of the transaction, the director directly owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greta J. Harris sold 76 shares of the stock in a transaction 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 in the company, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is currently owned by company insiders.

Markel Group Stock Performance

Shares of MKL stock opened at $1,995.96 on Monday. 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’s 50-day moving average is $1,891.27 and its two-hundred day moving average is $1,948.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $24.97 billion, a P/E ratio of 14.38 and a beta of 0.66.

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

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.