Markel Group Inc. $MKL Stock Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,172,997 shares of the insurance provider’s stock after buying an additional 5,184 shares during the quarter. Vanguard Group Inc. owned about 9.30% of Markel Group worth $2,242,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Markel Group during the 4th quarter valued at $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 13 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after buying an additional 3,083 shares during the last quarter. Empowered Funds LLC raised its position in shares of Markel Group by 49.1% during the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after buying an additional 137 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Markel Group during the second quarter valued at approximately $234,000. 77.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Markel Group Stock Up 0.0%

Markel Group stock opened at $2,071.92 on Friday. The stock has a market cap of $26.13 billion, a P/E ratio of 12.21 and a beta of 0.79. The company’s 50-day moving average price is $2,103.83 and its two-hundred day moving average price is $2,015.08. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the sale, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Simon Wilson sold 75 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,575 shares of company stock worth $3,330,900. 1.66% of the stock is owned by corporate 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.