Markel Group Inc. $MKL Shares Sold by Fiduciary Alliance LLC

Fiduciary Alliance LLC lowered its holdings in shares of Markel Group Inc. (NYSE:MKL) by 20.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,316 shares of the insurance provider’s stock after selling 334 shares during the period. Fiduciary Alliance LLC’s holdings in Markel Group were worth $2,610,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC grew its position in Markel Group by 4.5% in the 4th quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock valued at $239,000 after buying an additional 5 shares in the last quarter. Keybank National Association OH increased its stake in Markel Group by 0.7% during the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after buying an additional 5 shares during the period. Wellington Shields & Co. LLC raised its position in shares of Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after buying an additional 5 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after buying an additional 5 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of Markel Group by 1.1% in the 4th quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock worth $912,000 after acquiring an additional 5 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE:MKL opened at $1,885.05 on Friday. The company has a 50-day moving average of $1,856.08 and a 200-day moving average of $1,977.26. The firm has a market cap of $23.58 billion, a price-to-earnings ratio of 13.58 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

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

Insider Activity at Markel Group

In related news, Director Diane Leopold acquired 100 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was bought at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the transaction, the director owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MKL. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Brean Capital initiated coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Truist Financial dropped their price objective 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, According to MarketBeat, Markel Group has an average rating of “Hold” and a consensus price target of $2,025.00.

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.