HighTower Advisors LLC Decreases Stock Position in Markel Group Inc. $MKL

HighTower Advisors LLC cut its holdings in Markel Group Inc. (NYSE:MKL) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,593 shares of the insurance provider’s stock after selling 465 shares during the quarter. HighTower Advisors LLC owned 0.54% of Markel Group worth $131,105,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MKL. BI Asset Management Fondsmaeglerselskab A S lifted its position in Markel Group by 172.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock valued at $3,217,000 after purchasing an additional 1,066 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Markel Group by 1.8% in the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after buying an additional 9,496 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Markel Group during the 3rd quarter valued at about $2,104,000. Osaic Holdings Inc. grew its stake in shares of Markel Group by 121.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock valued at $5,705,000 after acquiring an additional 1,563 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in shares of Markel Group during the 3rd quarter valued at approximately $46,738,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the sale, the director directly owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the sale, the chief executive officer owned 1,770 shares in the company, valued at $3,669,103.80. This represents a 4.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,575 shares of company stock valued at $3,330,900 in the last three months. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MKL shares. Truist Financial raised their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus target price of $2,100.00.

Markel Group Trading Down 1.0%

Markel Group stock opened at $2,060.89 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The firm’s 50 day moving average price is $2,104.99 and its 200-day moving average price is $2,012.85. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,207.59. The stock has a market cap of $25.99 billion, a P/E ratio of 12.14 and a beta of 0.79.

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.