Markel Group Inc. $MKL Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its holdings in Markel Group Inc. (NYSE:MKL) by 29.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,297 shares of the insurance provider’s stock after selling 1,786 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Markel Group were worth $9,237,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Canerector Inc. boosted its position in Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after buying an additional 10,698,016 shares during the period. Select Equity Group L.P. increased its position in shares of Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after acquiring an additional 145,146 shares during the period. Norges Bank purchased a new stake in shares of Markel Group during the second quarter worth $288,361,000. Rakuten Investment Management Inc. acquired a new stake in shares of Markel Group in the third quarter valued at $46,738,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Markel Group in the third quarter valued at $38,288,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MKL shares. Wall Street Zen raised Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Brean Capital started coverage on Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Truist Financial upped 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. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2,100.00.

Markel Group Stock Down 1.8%

Markel Group stock opened at $1,866.10 on Friday. The stock has a market cap of $23.47 billion, a PE ratio of 10.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s fifty day moving average is $2,015.26 and its two-hundred day moving average is $2,021.20. Markel Group Inc. has a 1-year low of $1,621.89 and a 1-year high of $2,207.59.

Insider Transactions at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the transaction, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by company insiders.

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.