Northstar Group Inc. Takes Position in Markel Group Inc. $MKL

Key Points

• Northstar Group Inc. acquired 3,718 Markel shares worth approximately $7.26 million in the second quarter, making MKL about 0.9% of its portfolio and its 17th-largest holding.
• Institutional investors and hedge funds own 77.12% of Markel, while analysts remain cautious: five rate the stock Hold and one Sell, resulting in a consensus “Reduce” rating and a $2,025 target price.
• Markel shares opened at $1,843.94, near the lower end of their 52-week range of $1,719.41 to $2,207.59; company insiders own 1.08% of the stock, following a director’s sale of 76 shares.

Northstar Group Inc. bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,718 shares of the insurance provider's stock, valued at approximately $7,261,000. Markel Group comprises about 0.9% of Northstar Group Inc.'s holdings, making the stock its 17th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversify Advisory Services LLC boosted its stake in Markel Group by 4.5% in the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider's stock valued at $239,000 after acquiring an additional 5 shares in the last quarter. Keybank National Association OH increased its position in shares of Markel Group by 0.7% during the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider's stock worth $1,644,000 after purchasing an additional 5 shares in the last quarter. Wellington Shields & Co. LLC increased its position in shares of Markel Group by 3.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider's stock worth $344,000 after purchasing an additional 5 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider's stock valued at $88,000 after purchasing an additional 5 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Markel Group by 4.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider's stock valued at $254,000 after purchasing an additional 5 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen raised Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Wolfe Research assumed coverage on Markel Group in a research note on Wednesday, July 1st. They issued an "underperform" rating for the company. Truist Financial decreased their price objective on 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. Finally, Weiss Ratings upgraded shares of Markel Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Markel Group presently has a consensus rating of "Reduce" and a consensus target price of $2,025.00.

Markel Group Price Performance

Shares of MKL opened at $1,843.94 on Friday. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 10.14 and a beta of 0.66. The firm has a 50-day simple moving average of $1,910.02 and a 200-day simple moving average of $1,929.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Transactions at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was 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 of the company's stock, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is owned by company insiders.

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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