Lincoln Capital LLC Cuts Stock Position in Markel Group Inc. $MKL

Lincoln Capital LLC reduced its position in Markel Group Inc. (NYSE:MKL) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,862 shares of the insurance provider’s stock after selling 319 shares during the quarter. Markel Group accounts for approximately 6.2% of Lincoln Capital LLC’s holdings, making the stock its 3rd biggest holding. Lincoln Capital LLC’s holdings in Markel Group were worth $34,884,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MKL. Davis Selected Advisers lifted its position in shares of Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares during the last quarter. Select Equity Group L.P. grew its holdings in shares of Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. State Street Corp increased its stake in Markel Group by 2.1% in the 3rd quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after buying an additional 6,160 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Markel Group by 13.0% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after buying an additional 23,631 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Markel Group by 5.9% in the 3rd quarter. Bank of America Corp DE now owns 153,099 shares of the insurance provider’s stock valued at $292,627,000 after buying an additional 8,539 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MKL shares. Weiss Ratings raised shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Truist Financial decreased their target price on shares of 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. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Wolfe Research began coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $2,025.00.

Insider Activity

In other news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,878.47 on Thursday. The company has a 50 day moving average price of $1,903.62 and a 200 day moving average price of $1,938.54. The firm has a market capitalization of $23.27 billion, a P/E ratio of 10.33 and a beta of 0.66. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

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.