HighTower Advisors LLC Sells 2,891 Shares of Markel Group Inc. $MKL

HighTower Advisors LLC trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 65,702 shares of the insurance provider’s stock after selling 2,891 shares during the period. HighTower Advisors LLC owned approximately 0.52% of Markel Group worth $141,236,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKL. Brighton Jones LLC bought a new position in shares of Markel Group during the 4th quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Markel Group by 13.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 13 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Markel Group by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after acquiring an additional 3,083 shares during the period. Empowered Funds LLC lifted its holdings in shares of Markel Group by 49.1% during the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after acquiring an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Markel Group during the 2nd quarter worth about $463,000. 77.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction on Thursday, February 26th. The stock was 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 in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Diane Leopold acquired 100 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the transaction, the director owned 2,190 shares in the company, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Truist Financial cut their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, Brean Capital assumed coverage on Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price for the company. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Trading Down 0.3%

Shares of MKL stock opened at $1,859.75 on Wednesday. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The company has a market capitalization of $23.27 billion, a P/E ratio of 13.40 and a beta of 0.67. The firm has a 50-day moving average price of $1,898.69 and a 200 day moving average price of $2,015.25. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last announced its quarterly 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). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.66 billion. Research analysts forecast that Markel Group Inc. will post 113.02 earnings per share for the current fiscal year.

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.