Markel Group Inc. $MKL Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 17.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,906 shares of the insurance provider’s stock after buying an additional 277 shares during the period. Mediolanum International Funds Ltd’s holdings in Markel Group were worth $3,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in Markel Group by 13.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after purchasing an additional 11,439 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Markel Group by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after purchasing an additional 732 shares in the last quarter. Ervin Investment Management LLC increased its position in shares of Markel Group by 259.2% during the 4th quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock valued at $19,583,000 after purchasing an additional 6,574 shares during the period. Axxcess Wealth Management LLC increased its position in shares of Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after purchasing an additional 679 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Markel Group by 3,235.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after buying an additional 24,557 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director owned 645 shares in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Diane Leopold purchased 100 shares of Markel Group stock in a transaction dated Wednesday, May 6th. The stock was bought at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the transaction, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is currently owned by insiders.

Markel Group Stock Up 0.4%

MKL stock opened at $1,980.87 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $24.78 billion, a P/E ratio of 14.27 and a beta of 0.66. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company’s 50 day simple moving average is $1,881.04 and its 200-day simple moving average is $1,953.87.

Markel Group (NYSE:MKL) last announced its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, equities research analysts anticipate that Markel Group Inc. will post 114.11 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Truist Financial cut their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Wolfe Research started coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Finally, Brean Capital began coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $2,025.00.

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.