Tran Capital Management L.P. Sells 8,076 Shares of Markel Group Inc. $MKL

Tran Capital Management L.P. trimmed its position in Markel Group Inc. (NYSE:MKL) by 97.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 222 shares of the insurance provider’s stock after selling 8,076 shares during the quarter. Tran Capital Management L.P.’s holdings in Markel Group were worth $477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. Stratos Wealth Partners LTD. purchased a new position in Markel Group during the fourth quarter valued at approximately $206,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Markel Group by 183.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 11 shares in the last quarter. Ironwood Wealth Management LLC. bought a new stake in shares of Markel Group during the 4th quarter valued at $242,000. Royal Fund Management LLC lifted its stake in shares of Markel Group by 165.6% during the 4th quarter. Royal Fund Management LLC now owns 510 shares of the insurance provider’s stock valued at $1,096,000 after buying an additional 318 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Markel Group in the 4th quarter worth $202,000. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, CEO Simon Wilson sold 100 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Markel Group Trading Up 0.0%

MKL stock opened at $1,899.56 on Friday. The firm has a fifty day moving average price of $2,000.16 and a 200 day moving average price of $2,019.88. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $23.90 billion, a PE ratio of 11.19 and a beta of 0.79.

Analyst Ratings Changes

MKL has been the subject of a number of recent analyst reports. Wall Street Zen raised Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Brean Capital initiated coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target for the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a report on Friday, March 27th. Finally, Truist Financial lifted 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 report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2,100.00.

Markel Group Company 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.