Alta Capital Management LLC Decreases Stock Position in Markel Group Inc. $MKL

Alta Capital Management LLC lessened its position in Markel Group Inc. (NYSE:MKL) by 32.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,885 shares of the insurance provider’s stock after selling 894 shares during the quarter. Alta Capital Management LLC’s holdings in Markel Group were worth $4,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. purchased a new position in shares of Markel Group in the fourth quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new position in Markel Group during the fourth quarter worth approximately $32,000. Measured Wealth Private Client Group LLC purchased a new position in Markel Group during the third quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Markel Group by 183.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock worth $37,000 after buying an additional 11 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new position in Markel Group during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Diane Leopold acquired 50 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the purchase, the director owned 550 shares of the company’s stock, valued at $984,054.50. This represents a 10.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction 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 completion of the sale, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.08% of the company’s stock.

Markel Group Price Performance

MKL stock opened at $1,866.01 on Tuesday. The business has a fifty day moving average of $1,901.17 and a two-hundred day moving average of $2,014.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 13.45 and a beta of 0.67. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.66 billion. As a group, research analysts anticipate that Markel Group Inc. will post 113.02 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on MKL. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Truist Financial reduced their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price for the company. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Markel Group has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Company 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.