Harbor Investment Advisory LLC Increases Stock Position in Markel Group Inc. $MKL

Harbor Investment Advisory LLC boosted its position in Markel Group Inc. (NYSE:MKL) by 18.2% during the second quarter, Holdings Channel.com reports. The fund owned 2,198 shares of the insurance provider’s stock after acquiring an additional 339 shares during the period. Harbor Investment Advisory LLC’s holdings in Markel Group were worth $4,292,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Markel Group by 13.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after buying an additional 11,439 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Markel Group by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after buying an additional 732 shares during the last quarter. Ervin Investment Management LLC increased its stake in shares of Markel Group by 259.2% during the fourth quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock valued at $19,583,000 after buying an additional 6,574 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of Markel Group by 77.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after buying an additional 679 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after acquiring an additional 24,557 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane Leopold purchased 50 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the acquisition, the director owned 550 shares of the company’s stock, valued at approximately $984,054.50. This represents a 10.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.08% of the company’s stock.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,888.19 on Wednesday. The firm has a market capitalization of $23.39 billion, a P/E ratio of 10.38 and a beta of 0.66. The firm’s 50-day moving average price is $1,903.08 and its 200-day moving average price is $1,939.97. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MKL. Wolfe Research initiated coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. Weiss Ratings raised shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target 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.