Beck Mack & Oliver LLC Sells 2,000 Shares of Markel Group Inc. $MKL

Key Points

• Beck Mack & Oliver LLC trimmed its Markel Group stake by 7.9%, selling 2,000 shares and finishing the quarter with 23,350 shares (about $44.63M, or 0.19% of the company).
• Other big institutional moves include Canerector Inc. boosting its holding to 10,703,616 shares (~$20.46B), Select Equity raising its stake by 75.9%, and Norges Bank opening a new ~$288M position; institutional investors now own 77.12% of MKL.
• Markel trades with a market cap of $24.43B and a P/E of 11.44 (52-week range: $1,621.89–$2,207.59), and CEO Simon Wilson recently sold 100 shares at $2,079.48, reducing his ownership by 4.0%.

Beck Mack & Oliver LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,350 shares of the insurance provider's stock after selling 2,000 shares during the period. Beck Mack & Oliver LLC owned 0.19% of Markel Group worth $44,630,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MKL. Canerector Inc. grew its holdings in Markel Group by 191,036.0% during the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider's stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the period. Select Equity Group L.P. raised its stake 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 valued at $671,850,000 after buying an additional 145,146 shares during the period. Norges Bank purchased a new position in shares of Markel Group during the 2nd quarter valued at $288,361,000. Rakuten Investment Management Inc. purchased a new position in shares of Markel Group during the 3rd quarter valued at $46,738,000. Finally, Strive Asset Management LLC bought a new position in shares of Markel Group during the 3rd quarter worth $38,227,000. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

NYSE:MKL opened at $1,941.90 on Friday. The business's fifty day moving average is $2,057.59 and its 200 day moving average is $2,024.16. The firm has a market cap of $24.43 billion, a price-to-earnings ratio of 11.44 and a beta of 0.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,207.59.

Insider Activity

In other 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 sale, the chief executive officer directly owned 2,397 shares of the company's stock, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MKL shares. Weiss Ratings reissued a "buy (b+)" rating on shares of Markel Group in a report on Monday, December 29th. Truist Financial upped 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 report on Friday, February 6th. Wall Street Zen upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Zacks Research lowered shares of Markel Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Markel Group has an average rating of "Hold" and an average 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.

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