Markel Group Inc. $MKL Stake Lessened by First Trust Advisors LP

Key Points

• First Trust Advisors LP cut its stake in Markel Group by 31.8% in Q3, selling 8,777 shares and leaving 18,842 shares worth about $36.01 million.
• Analyst consensus is a Hold with a consensus price target of $2,100 (two Buy ratings, three Hold ratings), and Truist recently raised its price objective to $2,100 while maintaining a Hold.
• Insider activity: CEO Simon Wilson sold 100 shares on Feb. 26 at an average of $2,079.48 for roughly $207,948, a reported 4% reduction in his ownership.

First Trust Advisors LP lessened its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 31.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,842 shares of the insurance provider's stock after selling 8,777 shares during the period. First Trust Advisors LP owned about 0.15% of Markel Group worth $36,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MKL. Brighton Jones LLC acquired a new stake in Markel Group during the 4th quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider's stock valued at $204,000 after purchasing an additional 13 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Markel Group by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider's stock worth $64,883,000 after purchasing an additional 3,083 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Markel Group by 49.1% in the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider's stock worth $778,000 after purchasing an additional 137 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Markel Group by 17.2% during the second quarter. Penserra Capital Management LLC now owns 68 shares of the insurance provider's stock worth $135,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Wall Street Analyst Weigh In

MKL has been the topic of several research reports. 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 research note on Friday, February 6th. Zacks Research lowered shares of Markel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Finally, Weiss Ratings restated a "buy (b+)" rating on shares of Markel Group in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $2,100.00.

Insider Buying and Selling

In other Markel Group news, CEO Simon Wilson sold 100 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 2,397 shares of the company's stock, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by corporate insiders.

Markel Group Trading Down 0.6%

Shares of NYSE MKL opened at $1,944.94 on Friday. The stock has a market cap of $24.47 billion, a price-to-earnings ratio of 11.46 and a beta of 0.77. The business has a 50 day simple moving average of $2,061.36 and a 200 day simple moving average of $2,023.86. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week 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.

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.

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