Riverview Capital Advisers LLC Acquires Shares of 4,338 Markel Group Inc. $MKL

Riverview Capital Advisers LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,338 shares of the insurance provider’s stock, valued at approximately $8,291,000. Markel Group makes up about 2.4% of Riverview Capital Advisers LLC’s portfolio, making the stock its 13th largest position.

Several other large investors have also added to or reduced their stakes in the business. Flagship Harbor Advisors LLC increased its holdings in Markel Group by 4.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 6 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in Markel Group by 3.4% during the second quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock worth $352,000 after buying an additional 6 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Markel Group by 1.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock valued at $692,000 after buying an additional 6 shares during the last quarter. East Coast Asset Management LLC. lifted its stake in Markel Group by 0.3% during the 2nd quarter. East Coast Asset Management LLC. now owns 2,170 shares of the insurance provider’s stock valued at $4,334,000 after acquiring an additional 6 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Markel Group by 5.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Activity at Markel Group

In other Markel Group news, 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 transaction of $207,948.00. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was 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 of the company’s stock, valued at $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

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

Markel Group Stock Performance

NYSE MKL opened at $2,068.81 on Monday. The company has a market capitalization of $26.03 billion, a PE ratio of 12.19 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,207.59. The company has a 50-day simple moving average of $2,093.33 and a 200 day simple moving average of $2,022.15.

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.