Capco Asset Management LLC Has $56.09 Million Stock Position in Markel Group Inc. $MKL

Capco Asset Management LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,094 shares of the insurance provider’s stock after selling 458 shares during the period. Markel Group comprises approximately 13.7% of Capco Asset Management LLC’s holdings, making the stock its 2nd largest position. Capco Asset Management LLC’s holdings in Markel Group were worth $56,093,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MKL. Brighton Jones LLC bought a new stake in shares of Markel Group during the 4th quarter valued at $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after buying an additional 13 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Markel Group by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after buying an additional 3,083 shares during the period. Empowered Funds LLC raised its stake in shares of Markel Group by 49.1% in the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after buying an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Markel Group in the second quarter worth about $463,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

NYSE:MKL opened at $1,853.26 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The business’s 50-day simple moving average is $1,894.38 and its two-hundred day simple moving average is $2,013.86. The stock has a market cap of $23.18 billion, a PE ratio of 13.35 and a beta of 0.67. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

Markel Group (NYSE:MKL) last posted its quarterly 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 net margin of 10.85% and a return on equity of 7.90%. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.66 billion. As a group, analysts forecast that Markel Group Inc. will post 111.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the topic of several recent research reports. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Brean Capital initiated coverage on shares of Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target for the company. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Truist Financial dropped their price target 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. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2,025.00.

Insider Activity at Markel Group

In other Markel Group news, Director Diane Leopold purchased 100 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the purchase, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. This trade represents a 4.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.08% of the company’s stock.

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.