Banyan Capital Management Inc. Has $21.71 Million Stock Holdings in Markel Group Inc. $MKL

Banyan Capital Management Inc. boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,357 shares of the insurance provider’s stock after buying an additional 565 shares during the quarter. Markel Group makes up approximately 9.9% of Banyan Capital Management Inc.’s portfolio, making the stock its 2nd biggest position. Banyan Capital Management Inc. owned 0.09% of Markel Group worth $21,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Markel Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,167,813 shares of the insurance provider’s stock worth $2,332,543,000 after acquiring an additional 9,303 shares during the period. Select Equity Group L.P. raised 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 worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Markel Group by 0.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock worth $408,364,000 after purchasing an additional 1,383 shares during the period. Norges Bank bought a new stake in shares of Markel Group in the 2nd quarter valued at $288,361,000. Finally, Epoch Investment Partners Inc. increased its position in shares of Markel Group by 5.8% during the second quarter. Epoch Investment Partners Inc. now owns 114,263 shares of the insurance provider’s stock worth $228,224,000 after buying an additional 6,244 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MKL. TD Cowen reaffirmed a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2,025.00.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Simon Wilson sold 75 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,575 shares of company stock worth $3,330,900. 1.66% of the stock is owned by company insiders.

Markel Group Stock Performance

Shares of MKL opened at $2,016.99 on Friday. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,207.59. The company has a market cap of $25.43 billion, a PE ratio of 12.63 and a beta of 0.80. The stock has a 50-day moving average of $2,103.14 and a 200-day moving average of $2,008.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $22.77 by $8.13. Markel Group had a return on equity of 7.76% and a net margin of 12.99%.The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. On average, equities research analysts predict that Markel Group Inc. will post 96.25 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.