MLP3 LLC Acquires New Position in Markel Group Inc. $MKL

MLP3 LLC acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 339 shares of the insurance provider’s stock, valued at approximately $729,000. Markel Group comprises approximately 0.8% of MLP3 LLC’s portfolio, making the stock its 29th biggest holding.

Several other large investors also recently bought and sold shares of the business. Valley National Advisers Inc. acquired a new position in Markel Group in the 4th quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new position in Markel Group in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Markel Group in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in Markel Group in the 4th quarter valued at about $32,000. Finally, Basepoint Wealth LLC acquired a new position in Markel Group in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Activity at Markel Group

In other Markel Group news, Director Diane Leopold bought 50 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the purchase, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This represents a 10.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Greta J. Harris sold 76 shares of the company’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 transaction of $140,395.56. Following the sale, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on MKL. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Brean Capital began coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Finally, Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Stock Performance

Shares of MKL stock opened at $1,844.91 on Monday. The firm’s 50 day moving average price is $1,866.13 and its 200-day moving average price is $1,989.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a one year low of $182.19 and a one year high of $2,207.59. The firm has a market cap of $23.08 billion, a P/E ratio of 13.29 and a beta of 0.67.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. As a group, equities research analysts predict that Markel Group Inc. will post 113.55 EPS for the current year.

Markel Group 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.