SpiderRock Advisors LLC Buys Shares of 158 Markel Group Inc. (NYSE:MKL)

SpiderRock Advisors LLC acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 158 shares of the insurance provider’s stock, valued at approximately $239,000.

Several other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Markel Group during the 4th quarter worth approximately $18,145,000. Pinnacle Associates Ltd. lifted its position in shares of Markel Group by 7.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after buying an additional 1,167 shares during the period. Chicago Capital LLC bought a new position in shares of Markel Group during the 4th quarter worth approximately $3,313,000. Solidarity Wealth LLC raised its position in Markel Group by 18.7% in the 4th quarter. Solidarity Wealth LLC now owns 4,586 shares of the insurance provider’s stock valued at $6,512,000 after purchasing an additional 721 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Markel Group by 616.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider’s stock valued at $5,991,000 after purchasing an additional 3,630 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock traded down $14.47 on Friday, hitting $1,532.80. The stock had a trading volume of 13,130 shares, compared to its average volume of 45,284. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,670.24. The business’s 50 day moving average is $1,587.43 and its two-hundred day moving average is $1,503.76. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 8.36 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.62 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. Analysts forecast that Markel Group Inc. will post 82.83 EPS for the current year.

Analyst Ratings Changes

MKL has been the subject of several research analyst reports. Truist Financial lifted their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a research report on Friday, March 15th. Finally, Royal Bank of Canada boosted their target price on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,520.00.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the completion of the sale, the director now directly owns 66,668 shares in the company, valued at approximately $109,228,184.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Greta J. Harris sold 122 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the sale, the director now owns 634 shares of the company’s stock, valued at $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.