Markel Group Inc. $MKL Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its position in Markel Group Inc. (NYSE:MKL) by 68.6% in the 4th quarter, Holdings Channel reports. The firm owned 187 shares of the insurance provider’s stock after selling 409 shares during the quarter. Gabelli Funds LLC’s holdings in Markel Group were worth $402,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in Markel Group in the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in Markel Group in the 3rd quarter valued at $29,000. V Square Quantitative Management LLC acquired a new position in Markel Group in the 4th quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Markel Group by 183.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 11 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new position in Markel Group in the 3rd quarter valued at $38,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Brean Capital started coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective for the company. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Truist Financial cut their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Stock Up 0.3%

Shares of MKL opened at $1,859.46 on Friday. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company has a market capitalization of $23.26 billion, a PE ratio of 13.40 and a beta of 0.67. The stock has a fifty day simple moving average of $1,892.47 and a two-hundred day simple moving average of $2,012.78. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last issued its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. As a group, equities analysts forecast that Markel Group Inc. will post 111.93 EPS for the current year.

Insiders Place Their Bets

In other Markel Group news, Director Diane Leopold purchased 50 shares of the stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the acquisition, the director owned 550 shares in the company, valued at $984,054.50. This trade represents a 10.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Simon Wilson sold 100 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.08% of the stock is owned by company insiders.

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.