Sprucegrove Investment Management Ltd. Decreases Stock Holdings in Markel Group Inc. $MKL

Sprucegrove Investment Management Ltd. lessened its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 64.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,818 shares of the insurance provider's stock after selling 7,070 shares during the quarter. Markel Group makes up 1.0% of Sprucegrove Investment Management Ltd.'s portfolio, making the stock its 7th largest holding. Sprucegrove Investment Management Ltd.'s holdings in Markel Group were worth $8,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Diversify Advisory Services LLC lifted its position in Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider's stock valued at $239,000 after purchasing an additional 5 shares in the last quarter. Keybank National Association OH increased its position in Markel Group by 0.7% in the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider's stock worth $1,644,000 after buying an additional 5 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Markel Group by 5.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider's stock worth $229,000 after buying an additional 6 shares in the last quarter. Hemington Wealth Management raised its stake in shares of Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider's stock worth $43,000 after buying an additional 6 shares during the period. Finally, Resonant Capital Advisors LLC grew its stake in shares of Markel Group by 0.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 688 shares of the insurance provider's stock valued at $1,315,000 after acquiring an additional 6 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MKL has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating on the stock in a research note on Thursday, April 30th. Brean Capital initiated coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a "neutral" rating and a $2,100.00 target price on the stock. Zacks Research lowered Markel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Weiss Ratings cut Markel Group from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered Markel Group from a "buy" rating to a "sell" rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $2,025.00.

Insider Buying and Selling

In related 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 completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.08% of the company's stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,766.35 on Wednesday. The company has a market cap of $22.10 billion, a P/E ratio of 12.73 and a beta of 0.67. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The firm's fifty day moving average is $1,942.37 and its two-hundred day moving average is $2,018.58.

Markel Group (NYSE:MKL - Get Free Report) last released 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 company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, analysts anticipate that Markel Group Inc. will post 113.77 EPS for the current fiscal 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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