First Financial Bankshares Inc Takes $1.15 Million Position in Markel Group Inc. $MKL

First Financial Bankshares Inc purchased a new stake in Markel Group Inc. (NYSE:MKL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 601 shares of the insurance provider’s stock, valued at approximately $1,149,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clearstead Trust LLC boosted its holdings in shares of Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after buying an additional 9 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Markel Group in the 2nd quarter valued at approximately $32,000. GoalVest Advisory LLC acquired a new position in Markel Group in the 3rd quarter worth approximately $38,000. Hemington Wealth Management grew its position in Markel Group by 35.3% during the 3rd quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Markel Group by 316.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction 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 represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 1,500 shares of company stock worth $3,175,430. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

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

Markel Group Price Performance

Shares of Markel Group stock opened at $2,064.16 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $2,100.32 and a 200-day simple moving average of $2,018.15. The stock has a market capitalization of $26.03 billion, a price-to-earnings ratio of 12.16 and a beta of 0.79. Markel Group Inc. has a 1-year low of $1,621.89 and a 1-year high of $2,207.59.

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.