Markel Group Inc. $MKL Stake Boosted by DAVENPORT & Co LLC

Key Points

• DAVENPORT & Co LLC boosted its Markel stake 2.4% in Q4 to 209,999 shares—making MKL its fourth-largest holding and representing a roughly 1.67% ownership stake in Markel valued at about $452.4 million.
• Institutional ownership remains high at 77.12%, highlighted by Canerector Inc.'s massive increase to 10,703,616 shares (adding 10,698,016 shares), while Vanguard, Principal, Davis and Select Equity also raised their positions.
• Insider activity: CEO Simon Wilson sold 100 shares on Feb. 26 at an average price of $2,079.48, trimming his holding by 4% to 2,397 shares; total insider ownership is about 1.66%.

DAVENPORT & Co LLC lifted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,999 shares of the insurance provider's stock after acquiring an additional 4,972 shares during the quarter. Markel Group makes up 2.4% of DAVENPORT & Co LLC's portfolio, making the stock its 4th biggest holding. DAVENPORT & Co LLC owned 1.67% of Markel Group worth $452,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canerector Inc. grew its stake in Markel Group by 191,036.0% in 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of Markel Group by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider's stock worth $2,242,020,000 after purchasing an additional 5,184 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Markel Group by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider's stock worth $1,045,947,000 after purchasing an additional 9,496 shares in the last quarter. Davis Selected Advisers lifted its holdings in shares of Markel Group by 0.6% during the 3rd quarter. Davis Selected Advisers now owns 373,528 shares of the insurance provider's stock valued at $713,946,000 after buying an additional 2,397 shares during the last quarter. Finally, Select Equity Group L.P. grew its stake in shares of Markel Group by 75.9% in the 2nd 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 in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Markel Group news, CEO Simon Wilson sold 100 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares in the company, valued at $4,984,513.56. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by company insiders.

Markel Group Stock Up 0.5%

Shares of MKL stock opened at $1,898.62 on Wednesday. The stock's 50 day simple moving average is $2,026.82 and its 200 day simple moving average is $2,022.77. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $23.88 billion, a price-to-earnings ratio of 11.18 and a beta of 0.77.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research reports. Weiss Ratings restated a "buy (b+)" rating on shares of Markel Group in a report on Monday, December 29th. Truist Financial lifted their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a "hold" rating in a research note on Friday, February 6th. Zacks Research downgraded shares of Markel Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Wall Street Zen upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 14th. Finally, Brean Capital initiated coverage on shares of Markel Group in a report on Tuesday. They set a "neutral" rating and a $2,100.00 price target on the stock. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Markel Group currently has a consensus rating of "Hold" and an average price target 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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