Wedge Capital Management L L P NC Sells 3,330 Shares of Markel Group Inc. (NYSE:MKL)

Wedge Capital Management L L P NC cut its holdings in Markel Group Inc. (NYSE:MKL) by 24.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,268 shares of the insurance provider’s stock after selling 3,330 shares during the period. Wedge Capital Management L L P NC owned approximately 0.08% of Markel Group worth $16,179,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Markel Group by 2.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after purchasing an additional 888 shares in the last quarter. Sei Investments Co. boosted its holdings in Markel Group by 41.7% in the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock worth $6,554,000 after purchasing an additional 1,268 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after purchasing an additional 359 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Markel Group by 89.8% in the first quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider’s stock worth $1,270,000 after purchasing an additional 395 shares in the last quarter. Finally, Solidarity Wealth LLC boosted its holdings in Markel Group by 18.7% in the fourth quarter. Solidarity Wealth LLC now owns 4,586 shares of the insurance provider’s stock worth $6,512,000 after purchasing an additional 721 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 0.6 %

MKL stock traded up $8.96 during midday trading on Thursday, reaching $1,545.62. The company’s stock had a trading volume of 27,495 shares, compared to its average volume of 44,799. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The stock has a market cap of $20.10 billion, a PE ratio of 8.30 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $1,567.48 and its 200-day simple moving average is $1,533.11.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MKL. TD Cowen began coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Citigroup increased their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Finally, Truist Financial increased their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,626.83.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the transaction, the director now directly owns 634 shares of the company’s stock, valued at $1,027,606.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Markel Group news, Director Greta J. Harris sold 122 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the sale, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The disclosure for this purchase can be found here. Insiders own 1.71% of the company’s stock.

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.