Third View Private Wealth LLC Acquires New Stake in Markel Group Inc. $MKL

Key Points

• Third View Private Wealth LLC acquired a new stake of 1,156 shares in Markel Group in Q4, valued at approximately $2.485 million.
• Large institutional moves included Canerector Inc. boosting its position to 10,703,616 shares (about $20.46 billion) and Select Equity Group increasing to 336,369 shares, leaving institutions owning roughly 77.12% of MKL.
• CEO Simon Wilson sold 100 shares at $2,079.48 (a 4% reduction in his holding), while MKL trades with a ~$24.46 billion market cap, a P/E of 11.48 and a consensus analyst rating of "Hold" (target $2,100).

Third View Private Wealth LLC acquired a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,156 shares of the insurance provider's stock, valued at approximately $2,485,000.

A number of other large investors also recently bought and sold shares of MKL. Canerector Inc. boosted its holdings in Markel Group by 191,036.0% during the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider's stock valued at $20,458,463,000 after acquiring an additional 10,698,016 shares during the period. Select Equity Group L.P. boosted its holdings in Markel Group by 75.9% during 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 acquiring an additional 145,146 shares during the period. Rakuten Investment Management Inc. purchased a new position in Markel Group during the 3rd quarter valued at $46,738,000. Qube Research & Technologies Ltd purchased a new position in Markel Group during the 3rd quarter valued at $38,288,000. Finally, Strive Asset Management LLC purchased a new position in Markel Group during the 3rd quarter valued at $38,227,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Insider Transactions at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.08% of the company's stock.

Markel Group Stock Up 1.2%

Shares of NYSE MKL opened at $1,948.72 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $24.46 billion, a PE ratio of 11.48 and a beta of 0.79. The stock's fifty day simple moving average is $1,989.13 and its two-hundred day simple moving average is $2,020.69. Markel Group Inc. has a 12-month low of $1,698.99 and a 12-month high of $2,207.59.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Zacks Research downgraded Markel Group from a "strong-buy" rating to a "hold" rating in a report on Monday, January 19th. Truist Financial increased their price target on Markel Group from $2,000.00 to $2,100.00 and gave the stock a "hold" rating in a research report on Friday, February 6th. Brean Capital began coverage on 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. Wall Street Zen upgraded Markel Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 14th. Finally, Weiss Ratings restated a "buy (b+)" rating on shares of Markel Group in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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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