Markel Group Inc. $MKL Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lessened its stake in Markel Group Inc. (NYSE:MKL) by 12.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,102 shares of the insurance provider’s stock after selling 305 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Markel Group were worth $4,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich increased its position in Markel Group by 13.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after acquiring an additional 11,439 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Markel Group by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after acquiring an additional 732 shares during the period. Ervin Investment Management LLC increased its position in Markel Group by 259.2% during the 4th quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock worth $19,583,000 after purchasing an additional 6,574 shares during the period. Southeast Asset Advisors LLC increased its position in Markel Group by 26.8% during the 3rd quarter. Southeast Asset Advisors LLC now owns 2,575 shares of the insurance provider’s stock worth $4,922,000 after purchasing an additional 545 shares during the period. Finally, Axxcess Wealth Management LLC increased its position in Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after purchasing an additional 679 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. 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 on the stock. Truist Financial dropped their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Stock Performance

NYSE MKL opened at $1,813.52 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $1,870.17 and its two-hundred day moving average is $1,994.02. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The stock has a market capitalization of $22.69 billion, a price-to-earnings ratio of 13.07 and a beta of 0.67.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Research analysts expect that Markel Group Inc. will post 113.55 EPS for the current year.

Insider Activity at Markel Group

In other news, Director Diane Leopold purchased 50 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the purchase, the director directly owned 550 shares of the company’s stock, valued at $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director directly owned 645 shares in the company, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. 1.08% of the stock is owned by insiders.

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.