Truist Financial Corp Decreases Stock Holdings in Markel Group Inc. $MKL

Truist Financial Corp decreased its position in shares of Markel Group Inc. (NYSE:MKL) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,797 shares of the insurance provider’s stock after selling 454 shares during the quarter. Truist Financial Corp’s holdings in Markel Group were worth $9,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MKL. Vanguard Group Inc. lifted its stake in Markel Group by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,167,813 shares of the insurance provider’s stock valued at $2,332,543,000 after buying an additional 9,303 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of 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 acquiring an additional 145,146 shares during the period. DAVENPORT & Co LLC raised its stake in Markel Group by 0.7% during the second 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 acquired a new position in Markel Group in the second quarter valued at $288,361,000. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Markel Group by 5.8% in the 2nd quarter. Epoch Investment Partners Inc. now owns 114,263 shares of the insurance provider’s stock valued at $228,224,000 after purchasing an additional 6,244 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Two equities research 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, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Stock Performance

Shares of MKL stock opened at $2,041.15 on Monday. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,207.59. The firm has a market capitalization of $25.74 billion, a price-to-earnings ratio of 12.78 and a beta of 0.79. The business has a 50 day simple moving average of $2,103.25 and a 200 day simple moving average of $2,008.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60.

Insiders Place Their Bets

In related news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction dated 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 directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the transaction, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,575 shares of company stock valued at $3,330,900. 1.66% of the stock is currently owned by corporate 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.