Hsbc Holdings PLC Buys 5,000 Shares of Markel Group Inc. $MKL

Key Points

• HSBC Holdings PLC increased its stake in Markel Group by 36.9% in the fourth quarter, buying 5,000 additional shares and bringing its total to 18,554 shares valued at about $39.9 million.
• Institutional ownership in Markel remains high at 77.12%, and several other funds also made large moves in the stock, including notable increases from Canerector Inc., Norges Bank, and Davis Selected Advisers.
• Markel Group reported weaker-than-expected quarterly results, with EPS of -$18.90 versus an expected $26.38 and revenue of $3.55 billion versus $3.66 billion; analysts currently rate the stock a Hold on average.

Hsbc Holdings PLC increased its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 36.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,554 shares of the insurance provider's stock after purchasing an additional 5,000 shares during the quarter. Hsbc Holdings PLC owned approximately 0.15% of Markel Group worth $39,900,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Canerector Inc. boosted its position in shares of Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider's stock worth $20,458,463,000 after purchasing an additional 10,698,016 shares in the last quarter. Norges Bank acquired a new position in Markel Group during the 4th quarter valued at about $317,583,000. Select Equity Group L.P. raised its stake in 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 last quarter. Davis Selected Advisers boosted its holdings in Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider's stock worth $892,496,000 after acquiring an additional 41,632 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Markel Group by 3,235.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider's stock worth $54,421,000 after acquiring an additional 24,557 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

MKL has been the subject of several research analyst reports. Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "sell" rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of Markel Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 11th. Brean Capital assumed coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a "neutral" rating and a $2,100.00 price target on the stock. Finally, Truist Financial decreased their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $2,025.00.

Insiders Place Their Bets

In other Markel Group news, Director Diane Leopold purchased 100 shares of the stock in a transaction on Wednesday, May 6th. The shares were bought at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the acquisition, the director owned 2,190 shares in the company, valued at $3,925,815.90. This trade represents a 4.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Greta J. Harris sold 76 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares of the company's stock, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.08% of the company's stock.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,891.55 on Wednesday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company's 50 day moving average is $1,858.65 and its 200 day moving average is $1,979.41. 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 company has a market cap of $23.66 billion, a PE ratio of 13.63 and a beta of 0.67.

Markel Group (NYSE:MKL - Get Free Report) last announced 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). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. On average, sell-side analysts forecast that Markel Group Inc. will post 113.55 EPS for the current 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.

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