Griffin Asset Management Inc. Makes New $967,000 Investment in Markel Group Inc. $MKL

Griffin Asset Management Inc. bought a new stake in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 450 shares of the insurance provider’s stock, valued at approximately $967,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley National Advisers Inc. bought a new position in Markel Group during the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Markel Group in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Markel Group during the 4th quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Markel Group by 183.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 11 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of Markel Group during the third quarter worth approximately $38,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MKL. Brean Capital began coverage on Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. Truist Financial cut their target price on 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. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Insider Activity

In other news, Director Diane Leopold acquired 100 shares of Markel Group stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the transaction, the director directly 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the sale, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.08% of the stock is currently owned by insiders.

Markel Group Stock Up 0.1%

Shares of NYSE MKL opened at $1,861.53 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The stock has a market capitalization of $23.29 billion, a P/E ratio of 13.41 and a beta of 0.67. The stock’s fifty day moving average is $1,896.72 and its 200 day moving average is $2,014.72.

Markel Group (NYSE:MKL) last issued 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 return on equity of 7.90% and a net margin of 10.85%.The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.66 billion. Sell-side analysts forecast that Markel Group Inc. will post 111.93 earnings per share for the current fiscal year.

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.