Markel Group Inc. $MKL Shares Sold by Citadel Investment Advisory Inc.

Citadel Investment Advisory Inc. lowered its stake in Markel Group Inc. (NYSE:MKL) by 2.4% during the first quarter, HoldingsChannel reports. The firm owned 15,242 shares of the insurance provider’s stock after selling 377 shares during the period. Markel Group accounts for approximately 13.9% of Citadel Investment Advisory Inc.’s holdings, making the stock its 2nd biggest position. Citadel Investment Advisory Inc.’s holdings in Markel Group were worth $29,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKL. Sterling Investment Counsel LLC lifted its holdings in shares of Markel Group by 8.6% in the first quarter. Sterling Investment Counsel LLC now owns 114 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 9 shares in the last quarter. SG Americas Securities LLC lifted its stake in Markel Group by 53.7% in the 1st quarter. SG Americas Securities LLC now owns 6,009 shares of the insurance provider’s stock worth $11,502,000 after acquiring an additional 2,100 shares in the last quarter. Tactive Advisors LLC lifted its stake in Markel Group by 8.8% in the 1st quarter. Tactive Advisors LLC now owns 886 shares of the insurance provider’s stock worth $1,696,000 after acquiring an additional 72 shares in the last quarter. Smith Salley Wealth Management boosted its position in Markel Group by 0.8% during the 1st quarter. Smith Salley Wealth Management now owns 9,172 shares of the insurance provider’s stock worth $17,556,000 after acquiring an additional 70 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in Markel Group by 264.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,645 shares of the insurance provider’s stock worth $5,063,000 after acquiring an additional 1,920 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 645 shares in the company, valued at $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diane Leopold bought 100 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were bought at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the acquisition, the director owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.08% of the company’s stock.

Markel Group Stock Performance

MKL stock opened at $1,852.40 on Monday. The firm has a 50 day moving average of $1,861.24 and a two-hundred day moving average of $1,981.99. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 13.35 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. As a group, equities analysts anticipate that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings downgraded Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Brean Capital started coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective for the company. Finally, Truist Financial lowered their target price on 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. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2,025.00.

Markel Group 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.